Julie Akeens
PARKED
- Joined
- Oct 24, 2014
- Messages
- 3
Rep Bank
$25
$25
23 years old.
Just moved to Houston, TX. I am attending UofHouston and have a 9-5 job as a housekeeper at a hospital.
I am a Marketing Major... I want to get into Marketing/Advertising but it's going to take me 4 years to complete and I'll be 27 years old by then (feel old to be in college) decided late plus after high school I had to work to support myself.
ANYHOW enough of the background.
I'm looking to invest in rental properties so I can have money coming in --- create a saving strategy and eventually quit my job in the next year or so. And repeat the process... with commercial buildings.
I just bought a house in Cleveland, OH (Hometown) for $7,500 it does need repairs but only cosmetic... no pipe damage, no electric damage or anything like that... I am looking at $3,700 in repairs and my Dad and uncles are contractors and will have the house together in no time. The neighborhood is decent ---- it's not a suburban area... but it's not bad. It's livable and really doable... the crime isn't bad in that specific area.
Well, my goal is to have it ready by February... if I start working on it next month.
I didn't take out any loans... I saved up $15,000 in one year... from budgeting and savingup my pay checks and stashing my tax return and my school refund. Therefore, I don't owe anyone any money (Thank God).
I'm working on building my credit as we speak... which will definitely be needed soon.
Any advice on this??? Does this sound like a good plan as a starter?... Spot any mistakes? I'm open to any advice...
Just moved to Houston, TX. I am attending UofHouston and have a 9-5 job as a housekeeper at a hospital.
I am a Marketing Major... I want to get into Marketing/Advertising but it's going to take me 4 years to complete and I'll be 27 years old by then (feel old to be in college) decided late plus after high school I had to work to support myself.
ANYHOW enough of the background.
I'm looking to invest in rental properties so I can have money coming in --- create a saving strategy and eventually quit my job in the next year or so. And repeat the process... with commercial buildings.
I just bought a house in Cleveland, OH (Hometown) for $7,500 it does need repairs but only cosmetic... no pipe damage, no electric damage or anything like that... I am looking at $3,700 in repairs and my Dad and uncles are contractors and will have the house together in no time. The neighborhood is decent ---- it's not a suburban area... but it's not bad. It's livable and really doable... the crime isn't bad in that specific area.
Well, my goal is to have it ready by February... if I start working on it next month.
I didn't take out any loans... I saved up $15,000 in one year... from budgeting and savingup my pay checks and stashing my tax return and my school refund. Therefore, I don't owe anyone any money (Thank God).
I'm working on building my credit as we speak... which will definitely be needed soon.
Any advice on this??? Does this sound like a good plan as a starter?... Spot any mistakes? I'm open to any advice...
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