20 Year Old College Freshman Looking for Advice

[Cameron James Harmon]

Hey everyone! My name is Cameron Harmon and I would like to take a minute to briefly introduce myself. I'm 20 years old, currently enlisted in the NC National Guard. I begin college next month to pursue my Bachelors in Aviation Science along with my Commercial Pilot Licence. Although flying has, and probably always will be, a huge passion of mine, investing in apartments has always been an interest of mine as well. I would like to consider myself a little bit more ambitious than my peers, and I believe that there is always something I can be doing to work towards my dreams and goals. So I made this forum to hopefully get some advice from some very well seasoned experts in the subject matter. I'm not going to a sugar coat it. I want to be a millionaire. I want to look back at my life and be able to say with confidence that it wasn't a life wasted. I want to make enough money to be able to help my family and friends. I want to be the one that everyone in my small town talks about how proud they are of me and my accomplishments. I understand it'll be hard work, but that has never been a concern to me. I would love advice as to what I could be doing now while I'm in college. What can I do so that by the time I graduate, I'll have a solid foundation for apartments investing. I appreciate your time and any advice that you share with me. Every word of advice is extremely valuable to me and Is very much appreciated! Thank you so much!

[Craig Curelop]

@Cameron James Harmon - BP is the right place to start! Definitely start with listening to the podcast and reading the books.

Jumping right into apartment buildings is a HUGE leap. I'd suggest first starting out purchasing a house hack property. You purchase a multifamily property, live in one unit and rent the other. 

As a first step, I'd suggest saving ~$20k - $25k and then putting down 3.5% FHA for a property near your school. You can then rent it out to your friends and they will pay your mortgage for you. Not to mention, you get tax benefits and likely appreciation on the property.

Hope this helps!