how’d it get started at a young age with
no money so I got a great question for
one of my youtube viewers love you guys
eggs on who wrote in to say hey Evan
first of all I love your videos and I
watch them every day you’re a role model
for me and you inspire me a lot every
day Thank You examen that’s great I’m
almost 20 years old I live in Germany my
question is how to get started in the
real estate business especially in the
house apartment rental business I’m
learning studying everyday but real
estate is my passion I found for myself
how do I get started at my young age
without having a lot of money because
buying a house requires a lot of money
as you know I know I could work into the
business as you’ve told us in one of
your videos to get some experience but
how do I get started in that business
and a young age without any money
PS keep doing what you’re doing because
you inspire me you’re doing great in
what you do ever and loved your videos
they push me forward and I learn a lot
from them by Exxon so this is great I
love your enthusiasm I love your passion
I love that you found what you love to
do on your pushing forward on it listen
you need to go get some experience okay
your best bet now is not just to read
and not just to watch the videos I mean
keep watching videos that’s great such
if you love them but go find somebody
who’s doing exactly what you want to do
who is building these kinds of
businesses who was who was buying up the
apartments who are buying up the house
and has built a business doing it it’s
not just an individual investor but has
a business and has a team and go work
for them go learn their ropes from them
how this person be a mentor so you know
what it what it takes you know what it
looks like to run a successful company
doing this you know how they evaluate a
property how they finance it how they
bring on investors how they market it
right who’s on their team how they make
decision all of that stuff you want to
learn as quickly as possible and as
low-risk as possible because if you’re
out you go but you don’t have a lot of
money right you go buy your first house
you go buy your first apartment if you
make a mistake on it you’re sunk man
right like that first one that’s
important stuff for you and so you want
to make sure that when you’re out there
doing it yourself you’re not making
mistakes go make your mistakes by
learning from somebody else okay
the education you’re going
get from them will also shortcut your
path so instead of you taking 10 years
to figure this all out yourself you’re
taking somebody’s knowledge from the
past 20 30 years of their experience and
in three six eight months you’re
bringing it absorbing it because I get
the sense you’re gonna absorb this stuff
pretty quick
you’re internalized in it so when you go
out and make decisions you hit the
ground running okay so go out and find
that person even if it’s part-time just
to learn and get that mentorship the
other thing to keep in mind is this
doesn’t have to be all your money okay
you don’t have a lot of money you don’t
need a lot of money a lot of these guys
they get investors so how do you then
find investors and have the credibility
right you’re not even 20 years old how
do you have the credibility and how do
you have the confidence right if you’re
going and asking people for money and
say hey you’re gonna make a great return
on this you’re gonna know that it’s
gonna work how do you get that
confidence when you’ve never done it
before that’s why getting the experience
even a little bit of experience working
with somebody who has a track record who
will teach you things so that when
you’re ready to go launch yourself and
you find a great deal in the department
or house maybe the first one is a split
joint venture with with your mentor or
maybe when you go out and you start
looking for investors it’s not just your
name but also the mentors name on top of
it so there’s extra added security on it
right it doesn’t have to be all your
money you can break out of that mindset
because if you’re starting from nothing
it can take a long time to build up to
getting enough to buy an apartment
complex right that’s a lot of cash but
again a lot of these guys don’t use
their own money for everything you may
put a little bit of your own in then you
get investors and then you charge your
management fee you charge your
management fee on top of everything that
comes in so you’re earning an additional
percentage or two or whatever it is you
figured out their best models to
practice to look at but the money
doesn’t always have to be a hundred
percent yours again you go to the side
are you in this just as a passive you
know investment thing on the side where
you’re off then having a job or doing a
different business or art you want to
turn this into a business right do you
want to have lots of houses lots of
apartments a management team to run
everything because if you’re going to do
that
then you got to look at how do I get
capital and breaking out of the mindset
that it all has to be your own is gonna
help you extort this business forward so
those are my two bits of advice again
recap go find the mentor work for
somebody who’s done this make make your
mistakes and somebody else has died and
let them teach you the ropes and then to
when you find your first place bring on
investors charge your management fees
you’re not just doing it all yourself
you have some experience using other
people’s money and whatever you have for
yourself and you build it up from there
I’m excited for you good luck let me
know how it goes keep me posted with
your progress and believe for those of
you watching let me know what you think
if you’ve done anything in the real
estate business you have something to
add to this video please leave it in the
comments below it’ll help inspire other
people as well you like this video give
it a thumbs up and you can click on my
face to subscribe to the channel see
more videos like this thank you so much
I’ll see you soon
no money so I got a great question for
one of my youtube viewers love you guys
eggs on who wrote in to say hey Evan
first of all I love your videos and I
watch them every day you’re a role model
for me and you inspire me a lot every
day Thank You examen that’s great I’m
almost 20 years old I live in Germany my
question is how to get started in the
real estate business especially in the
house apartment rental business I’m
learning studying everyday but real
estate is my passion I found for myself
how do I get started at my young age
without having a lot of money because
buying a house requires a lot of money
as you know I know I could work into the
business as you’ve told us in one of
your videos to get some experience but
how do I get started in that business
and a young age without any money
PS keep doing what you’re doing because
you inspire me you’re doing great in
what you do ever and loved your videos
they push me forward and I learn a lot
from them by Exxon so this is great I
love your enthusiasm I love your passion
I love that you found what you love to
do on your pushing forward on it listen
you need to go get some experience okay
your best bet now is not just to read
and not just to watch the videos I mean
keep watching videos that’s great such
if you love them but go find somebody
who’s doing exactly what you want to do
who is building these kinds of
businesses who was who was buying up the
apartments who are buying up the house
and has built a business doing it it’s
not just an individual investor but has
a business and has a team and go work
for them go learn their ropes from them
how this person be a mentor so you know
what it what it takes you know what it
looks like to run a successful company
doing this you know how they evaluate a
property how they finance it how they
bring on investors how they market it
right who’s on their team how they make
decision all of that stuff you want to
learn as quickly as possible and as
low-risk as possible because if you’re
out you go but you don’t have a lot of
money right you go buy your first house
you go buy your first apartment if you
make a mistake on it you’re sunk man
right like that first one that’s
important stuff for you and so you want
to make sure that when you’re out there
doing it yourself you’re not making
mistakes go make your mistakes by
learning from somebody else okay
the education you’re going
get from them will also shortcut your
path so instead of you taking 10 years
to figure this all out yourself you’re
taking somebody’s knowledge from the
past 20 30 years of their experience and
in three six eight months you’re
bringing it absorbing it because I get
the sense you’re gonna absorb this stuff
pretty quick
you’re internalized in it so when you go
out and make decisions you hit the
ground running okay so go out and find
that person even if it’s part-time just
to learn and get that mentorship the
other thing to keep in mind is this
doesn’t have to be all your money okay
you don’t have a lot of money you don’t
need a lot of money a lot of these guys
they get investors so how do you then
find investors and have the credibility
right you’re not even 20 years old how
do you have the credibility and how do
you have the confidence right if you’re
going and asking people for money and
say hey you’re gonna make a great return
on this you’re gonna know that it’s
gonna work how do you get that
confidence when you’ve never done it
before that’s why getting the experience
even a little bit of experience working
with somebody who has a track record who
will teach you things so that when
you’re ready to go launch yourself and
you find a great deal in the department
or house maybe the first one is a split
joint venture with with your mentor or
maybe when you go out and you start
looking for investors it’s not just your
name but also the mentors name on top of
it so there’s extra added security on it
right it doesn’t have to be all your
money you can break out of that mindset
because if you’re starting from nothing
it can take a long time to build up to
getting enough to buy an apartment
complex right that’s a lot of cash but
again a lot of these guys don’t use
their own money for everything you may
put a little bit of your own in then you
get investors and then you charge your
management fee you charge your
management fee on top of everything that
comes in so you’re earning an additional
percentage or two or whatever it is you
figured out their best models to
practice to look at but the money
doesn’t always have to be a hundred
percent yours again you go to the side
are you in this just as a passive you
know investment thing on the side where
you’re off then having a job or doing a
different business or art you want to
turn this into a business right do you
want to have lots of houses lots of
apartments a management team to run
everything because if you’re going to do
that
then you got to look at how do I get
capital and breaking out of the mindset
that it all has to be your own is gonna
help you extort this business forward so
those are my two bits of advice again
recap go find the mentor work for
somebody who’s done this make make your
mistakes and somebody else has died and
let them teach you the ropes and then to
when you find your first place bring on
investors charge your management fees
you’re not just doing it all yourself
you have some experience using other
people’s money and whatever you have for
yourself and you build it up from there
I’m excited for you good luck let me
know how it goes keep me posted with
your progress and believe for those of
you watching let me know what you think
if you’ve done anything in the real
estate business you have something to
add to this video please leave it in the
comments below it’ll help inspire other
people as well you like this video give
it a thumbs up and you can click on my
face to subscribe to the channel see
more videos like this thank you so much
I’ll see you soon
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