How can a young person get started in real estate investing?
Walk into any real estate investment meeting anywhere in the country and what will you see? A bunch of old geezers! People typically start thinking about investing later in life, so the industry is understandably a little older. Thankfully, that’s changing, but if you are young, it’s still easy to be a little intimidated. You might be 20 years younger than everyone else in the room.
Besides, the word "investing" implies that you have something to invest. You hear lots of scary terms like down payment, credit history, and mortgage payment. And when you’re in high school or college, you don’t have any of those things yet. So, how do you break into the industry?
It’s a complicated question! What you are really asking is actually several questions. Read the answers to them below:
Where do I find cash for a down payment when I’m broke?
How can I buy real estate when I have bad credit or a poor debt to income ratio?
What’s the best way to build my credit from scratch, so I can start investing in real estate?
How can a young person gain trust and influence in the investing industry?
Where can I find a mentor that will teach me real estate investing?
When you’re young, what are specific steps to getting started in real estate investing? If you find that I’ve missed anything, let me know! I’ll get back to you pronto.