5 Friends Purchase Investment Property After Saving $50 a Week for 2 Years

[jjs07]

This is GOOD stuff!

Love reading/hearing about things like this.

Friendship goals and financial stability goals are represented among five friends from Philadelphia.

In 2017, Philadelphia native Najee Hannigan created a plan to change his life. Born out of his interest in real estate and entrepreneurship, 26-year-old Hannigan decided it would be wise to buy an investment property.

Recognizing that there is strength in numbers, Hannigan brought two of his cousin, Meqai Herder, 23, and Ahmid Hill, 23, and two longtime friends, Tyree Harvey, 26, and Darius Jacobs, 26, into his plan to become young entrepreneurs.

Once they were committed to the idea, none of them were worried about money interfering with their relationships.

The friends kept each other accountable with a weekly schedule every Friday to send in the money.

Rest of Article in Link

 

[MakeNTGreatAgain]

NT investment group?

 

[calibeebee]

NT investment group?

i volunteer for master of coin

 

[MakeNTGreatAgain]

i volunteer for master of coin

Idk what that is?
Dragon show reference?

 

[dipsetgeneral]

Wow. One day at a time.

 

[アミーゴ]

NT investment group?

All you need is me fam, I’ll hold us all down.

 

[deleted]

Idk what that is?
Dragon show reference?

It's from Breaking Bad

 

[bendover]

How much was the house

 

[6 Rings G.O.A.T.]

How much did they save?

 

[frshstunna]

All you need is me fam, I’ll hold us all down.

Mane I’m trying up this paper! what’s the play wo ??

 

[jjs07]

How much was the house

We'll just round up to 5k per person....25k saved.

Maybe they put 20% down with the 25k, or more depending on what they bought. Could be row house...or condo.

 

[SAINIDIIvIIAINI]

26k can even put a dent in any type of property here in SoCal.

 

[jjs07]

26k can even put a dent in any type of property here in SoCal.

Depending on the city, you can buy a property for less than 75k.

 

[freakydestroyer]

I hope the best for these young men but this probably will not end well. Doing business with friends is usually a recipe for disaster.

 

[shorty doo wop]

26k can even put a dent in any type of property here in SoCal.

This how I feel in Brooklyn this been doin a great job wit saving but not even close to being close

 

[ninjahood]

I hope the best for these young men but this probably will not end well. Doing business with friends is usually a recipe for disaster.

yep.

 

[freakydestroyer]

yep.

Seriously though, if it's between 5 people they're splitting crumbs. This isn't a real accomplishment.

 

[Mark Antony]

Probably could've each done it dolo, but it's a start. Even if it doesn't work out they learn the ins and outs.

 

[moderndarwin]

Good on em for trying that’s what life’s about.

I’m over here trying to save 300k before I do do anything. Prolly will get hit by a bus or sometin before i ever make a real move lol

 

[D.Josey]

Prolly will get hit by a bus or sometin before i ever make a real move lol

Did not expect this.