I’ve always advocated for getting into real estate investment early, if this is the industry you are interested in. I started my business at a young age and it took me a lot of time and learning to really gauge what niche part of real estate I wanted to get into. Part of the learning process came with reading a lot of material, sitting in on seminars and seeking out professionals who were in a higher place than I am in the industry. Mentorship is just as important as the learning process, because it motivates the apprentice to learn from the master. These days, young people face numerous challenges when they try to get into real estate investment. Factors like student debt, and motions in the economy affect the choices a lot of young people make. You don’t have to be limited by these external forces. There are many ways you can shape your practice, and build systems in your personal life to facilitate your entry into real estate investing.
Some of the challenges young people face in real estate are intricately tied to their financial habits and what opportunities they have fiscally. Here are some reasons why young people have problems getting into real estate investing:
- Lack of Motivation in pursuing real estate investment goals
- Inadequate resources to understand traditional and modern real estate best practices
- Not treating real estate investment as a school of thought
- Financial limitations in the form of debt, lack of savings and unemployment
Aside from these factors mentioned above, treating real estate investment as an education in and of itself is the best way to begin learning about the industry. You will not get very far if you don’t treat this as a learning experience. Education does not begin or end in the four corners of your academic institution. To run a business, you must treat education as a life long practice . Here are some of the best ways to be involved and learn about the industry:
- Time Management and System building
- Financial Education
- Industry Education
- Practice Pilot
In my next post, I will write on each practice and how this can be effective in building your business. Thanks for stopping by.
To learn more about the important factors to consider in building a real estate career, click here
Dustin Hahn is an internet entrepreneur, tax liens and deeds consultant and the owner of Dustin Hahn International. To Learn more about Dustin, visit his adventure site.