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Updated about 9 years ago on . Most recent reply

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8
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0
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Daniel Moen
  • Washington, MI
0
Votes |
8
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Money to start Investing

Daniel Moen
  • Washington, MI
Posted

Hello all!

 I'm sure this question has been posted but since I'm new to the site, I'm not sure where to find it. What would you recommend be a good starting amount to begin investing? Does it take at least couple thousand dollars to start? I'm interested for time being on buying and owning land. Passive income options. I'm also interested in wholesaling.  I've spoken to some friends and families about it and most of them instantly go to, "I couldn't do that because I don't have a lot money to start". 

Thank you!

Dan

Most Popular Reply

User Stats

139
Posts
42
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James Miller
  • Investor
  • Snohomish, WA
42
Votes |
139
Posts
James Miller
  • Investor
  • Snohomish, WA
Replied

Dont do any thing with your money until you know what you want to do.  Listen to all the bigger pockets pod casts.  Read the books.  Go to real estate meet ups but don't go there and say you have money to start investing you could potentially set your self up for scammers.  There are so many different areas of real estate to choose to invest in.  Educate your self and find what fits you,  whole selling, flipping, house hacking, thats my personal favorite.  Try to pick one and stick with it.  Don't spread yourself thin especially in the begining. This forum is a great place to start, get educated, learn your market, build your team.  

  • James Miller
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