I am a 25 year old single working home owner. I graduated with a degree in economics. My roommate and I started a rehabbing business and started working together 3 months ago. We have a small amount of capital $8,000 expendable combined. We both make about $45,000/year. We want to get into the low to no money down flipping business and do a few flips before we begin to hold. At the end of 2017 I would like to own our first rental. Within 3 years I would like to have 5 and within 6 years have 10. The ultimate goal is to put 50 rentals in our LLC, pay them off with flips, and retire with passive income.
I have several wealthy friends who would work with me but I do not know how to structure a deal properly. Looking for advice on getting this thing going.
We are both full of energy and ready to put the hours in.
Thank you in advance,
Clayton
