Work For Summer
Hi,
I'm 20 years old and I am finishing up my sophmore year of college. I have done a few deals and I own 4 properties over all (two of them jointly with my dad). I have read a thousand books plus I have gained valuable real world experience but I know my best way to speed up the learning curve is to work for someone else. I have the skills to make it happen on my own but it will take longer to put it all together. I'm talking about shaving two years off the learning curve. I am willing to work for someone for little or no wages. I understand most ways of investing but It is hard to spot deals and be sure of yourself when you are learning a new type of investing. I want to learn rehabbing, sub to, or developing. I will be productive and make you money. I don't want to go home to a small town and waste another summer working for minuscule wages and have nothing to show for it at the end of the summer. So if you need any help or have any kind of job that I can learn something from let me know. I am willing to go anywhere as long as I can find a place to live.
Matt,Are you involved in a REI club? If not get involved in one either in Columbia,Kansas City,or Saint Louis. You may find investors willing to help you learn more about REI? You will never know unless you ask.
Good idea. I don't know of an investment club in Columbia but I'm sure I can find one in St. Louis or Kansas City. Thanks
Kinda confused.... You already have done some deals and own property... Isnt that experience in its own... Keep going that way, you are far ahead of birddoggers IMO... What kind of cashflow are you generating from your propretys? Maybe the question should be, what kind of propertys are these that you own? Im just getting financing lined up on my first deal (4plex) and am learning more than I imagined...Kinda feel like after this point i can continue on my own without having to fall back to help someone us get deals... AnyWho, every man for himself....
I've bought three properties from banks. I also found one 5 unit building and bought it. Overall I'm making $650 per month clear. That is after insurance, taxes, maintence, and everthing. I have no problems finding rentals or properties that are below market value that would be good to flip. I also have no problem securing financing. I walked away from a deal with two houses last week. I had 100% financing and the seller was going to pick up the closing costs. He just wanted me to bump up my offer. Anyway what I'm looking for is more specific knowledge, like properties that make good rehabs and I would like to go through the whole process of rehabbing. I would also like to someone go through a sub to deal step by step, and the same for developing. I understand these areas very well but I know experience is better than any book. I'm in this for the long run and I want the best knowledge possible.