All Forum Posts by: Andrew Cecce

Hey Nancy, 

Thank you! I always hear people talk about how they wish they started earlier and I like to learn from people's mistakes. But I was thinking the same thing regarding partnering.  I'm really just staying here on campus for the convenience (I have a car but it's near it's end) and to network. $850 really is a lot and I'm really going to consider moving back with my mom any way because he will probably make me pay him back when I graduate anyway. He lives in Florida so it might be hard for him to come by and micromanage (he's kind of a control freak). I will definitely talk to him about it though.

Andrew Cecce

 I am currently going to Georgia State University in Atlanta, Ga. Right now my dad is paying $850 a month for me to live in a private room inside of a 4 bed/4 bath downtown condo and my lease is up in 2 weeks. It has fascinated me that these people were getting $3600 for each one of these units and it's been driving me to want to do the same. My lease is almost up and I am interested in purchasing a home around the city for 100,000 or less and renting out each room on Air-Bnb. I have around $5000 saved in the bank and $30,000 between 4 credit cards. I planned on using around 30% of my overall credit to put a down payment on a home (I read is about 6% on average) and pay for all the other fees,including closing on the property. Then the rest of the  When my lease is up I can either renew it and get stuck in another lease OR I can move to my moms house (20 minutes away from school) and hope I can close on a house and start my real estate journey early. But if it works, then the mortgage will likely be paid for by my dad. I will building equity and I will be collecting all the revenue at the same time. I'm willing to invest all the money I have saved because if it backfires then I can just learn from my mistakes, commute from my mom's house and build even more capital to do it again. I am really eager to get out there and start making moves. If you were in my position what would you do?