Help in starting commercial/ multifamily investing :)
 Hey guys!

Here's an introduction: My name is Alex, I'm 18 living in Dallas, Texas and I'm at a pivotal point in my life where I'm not sure what I want to do. 

As of now I'm enrolled as a freshman in college studying business, and to be quite frank I hate it. The thought of studying basics for 2 years just to get to core classes kills me and the thought that after this i'm going to be stuck in a 9-5 horrifies me. I'm not that “F\*ck a 9-5 be your own boss #entrepreneurship #getyourbag ” kind of guy but i truly feel as if this path isn't right for me. I don't want to be stuck in a corporate office for the next 50 years of my life.

So what's my point in writing this? 

I love real estate, and I'm extremely motivated to get into commercial and multi family investments. I have around $50,000 to get started, but the issue is I don't know WHERE to start. 

I've been focusing my time on learning wholesaling, remote and local as I believe that being able to make connections all across the US is imperative, but I want to use that capital to get my first commercial property locally. To veteran investors, or anyone in general what advice would you give me? What would you tell your 18 year old self? Your help is extremely appreciated and to anyone who took the time to read this whole thing thank you from the bottom of my heart. I wish success upon everyone on this journey with me. Thank you!
[{"id": "he0iloe", "text": "You\u2019re in the office or you\u2019re in the field. If you want to be in the field, learn a trade. \nYou could possibly make it by leaving school, but you\u2019ll most likely get crushed by those who stuck it out. Connections from school are valuable. \nI saw you posted on realestateinvesting as well. Wholesaling doesn\u2019t have a great reputation and can be danger, both financially and from a reputation perspective. \nI would advise you to get you reps in modeling, which can be done in school. If you\u2019re a hustler, learn a trade on the side. You\u2019ll be light years ahead of your colleagues. Best of luck.", "replies": [], "depth": 1}, {"id": "he0ke8g", "text": "Interesting I just read my \u201cI\u2019m 18 and what can I do to get started post\u201d I\u2019d figure this is a good point to reflect back. \n\n-      make some good credible friends in college it\u2019ll help you get further faster in life \n\n-      great relationships with people are essential in real estate \n\n-      if school feels like a drag find other ways to educate yourself, through credible podcasts, people,  or books  \n\n-       the best investment in life is the investment in yourself (books, network, meditation time, exercise) \n\n-       Multifamily is extremely competitive and technical but is 200% worth it if you\u2019re dedicated \n\n-       A good tool to learn the basic fundamentals of real estate is BiggerPockets.com \n\n-      Take action. Take action. Take action. \n\n-       You\u2019ll learn a lot through failure, don\u2019t be scared of it. Embrace it. \n\n-       Patience &amp; enjoy the ride.", "replies": [{"id": "he130fz", "text": "Thank you so much. I truly appreciate your help", "replies": [], "depth": 2}, {"id": "hegyqyn", "text": "This is all really good advice. \n\nI\u2019d add:\n\n- spend as much time on jobsites as you can. Learn the trades. Even if you never plan on doing that work yourself in your real estate holdings, knowing how to supervise and manage your subs is VITAL. If you don\u2019t know how builds go, and can\u2019t spec out jobs\u2026you will pay more for a worse product every time. This will also help you get contact with many skilled tradespeople and vendors (dumpster suppliers, etc..) that you will be using all the time as a landlord. \n\n- get licensed if you can in the trades, or as a real estate salesperson. Being knowledgeable, and able to vertically integrate and do the work yourself comes in very handy. I have a brokers license and as such, can save 2.5% on every entry and exit compared to my non-licensed peers. \n\n- I\u2019m concerned about the lack of interest for business school frankly. I\u2019m worried OP\u2019s head will explode when trying to decipher loan terms on 15 differently structured commercial loans without really strong analytics and ability to do DCF analysis. Also, while the tax code is tedious as hell, knowing as much as you can about it is vital to long term success. Taking accounting and tax courses in business school is a huge plus. (And I\u2019m not saying it will allow you to DIY your taxes- I have a JD, went to B-school, got a masters in financial Econ, and STILL use an accountant and tax advisor - but the in depth conversations needed to go over all sorts of nuance relating to taking assets out of service and planning tax events to match up to my income is crazy)\n\nI spend most of my \u201cactive\u201d time managing my properties behind my desk doing all sorts of analytics, planning, scheduling, and vendor management. (Also lots of calls with legal counsel about land use items, permitting, zoning stuff, etc\u2026)\n\nBut where\u2019s there\u2019s a will, there\u2019s a way. And if you love real estate, there are infinite number of ways to make a living doing it.", "replies": [], "depth": 2}], "depth": 1}, {"id": "he0w0mi", "text": "Start with single family. Build a portfolio little by little and go to commercial. This is what most successful commercial investors will tell you", "replies": [{"id": "hegyxqk", "text": "I would say start with a multifamily since losing a single tenant doesn\u2019t put you in a huge hole, but yeah\u2026start small and go from there.", "replies": [], "depth": 2}], "depth": 1}, {"id": "he16tmz", "text": "As others have said, a college degree is very important in the business world (yes, even real estate). I would encourage you to finish that through. A few thoughts to ponder.\n\nThis industry is based on relationships and doors are opened with your qualifications\n\nConsider a degree that focuses on transferrable knowledge into real estate (i.e., finance)\n\nGet your real estate license\n\nReal estate is not learned through a book, but by simply \"doing\"\n\nFind a mentor that can guide you along the way\n\nFind an internship at a commercial real estate firm. Consider working for free if they don't offer one.\n\nDallas is a saturated broker market but plenty of upside with the right connections (see point #1)", "replies": [], "depth": 1}, {"id": "he3f59b", "text": "Alex, I am a real estate investor and experienced syndicator. My real estate investment firm offers summer internships, if that interests you. Contact me at Wolfe Investments, [Wolfe-investments.com](https://Wolfe-investments.com)", "replies": [], "depth": 1}, {"id": "henmmxv", "text": "Start with educating yourself so you can navigate the market well making good business decisions. Therefore you need to know your numbers and terminology. I\u2019d recommend this Real Estate Knowledge Series by CR Wesley. The reads are quick but get informative and impactful. A terrific study source for you.", "replies": [], "depth": 1}, {"id": "hfyems6", "text": "Start with a single family residence. Use your fha and move in friends into the vacant rooms. Stay in it for a year while you learn CRE.", "replies": [], "depth": 1}, {"id": "hhmfd2f", "text": "Just my $.02 - I wasn\u2019t much of a fan of college/university either (never took real estate courses at a university). I knew that I wouldn\u2019t get any experience with real estate from the schools I went to so I went out and looked for internships in real estate, got my real estate license, did online real estate courses on modeling/etc. and read everything I could get my hands on. Graduated and joined a cre company as financial analyst (financing side of the industry), now I\u2019m moving over to acquisitions associate. Try to get internships and perhaps jobs after college within the real estate industry so that you\u2019re gathering experience for your own portfolio, etc. and making money at the same time!", "replies": [], "depth": 1}, {"id": "hhxxbiw", "text": "Stay focused, disciplined and stay the course. Here\u2019s a great source at building your foundation. https://amzn.to/3vHVPx6\n\nWholesaling is a great attribute to master as well. After all you need to know how to find and acquire deals. Keep your options open and find a strategy that fits your lifestyle and interests.\n\nCheck out this article as well. Very helpful. Browse others because there\u2019s several that are great.\n\nhttps://attentivesolutionsllc.com/home/f/where-is-the-best-use-of-your-time-and-your-money", "replies": [], "depth": 1}]