Any Advice would be Great !
Hello,
My name is Damon Cameron Jr. I am currently a sophomore in college working towards my bachelors of science in business analytics and marketing. I have a game plan and great mentors and I want to get your opinions and advice ! All advice negative and positive accepted !
Get a entry level job as a B.A (50-60k starting entry level) in high GDP growth market
Real estate business
1. Single family homes- less risk, time , high quality tenants, appreciation.
2. Below the median 200-220k ( preferably 100-150k)
3. RoI 20% ( Good economic growing market ), Cash flow $100-200 and Equity position (min 20k)
4. Renovate the rental ( flooring kitchen bathroom paint ) Bump value and rental value
5. Use the equity in home 6 months later to invest in Investment property exactly the same criteria. Use same renovation system and rent out.
6. Turn primary residence into investment at the 12 month mark and purchase a new primary residence 3.5 % down .
7. Continue this process and use social media to attract partners over the years as I build my brand and portfolio.