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Updated over 2 years ago on . Most recent reply

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Starting Out

Starting out with $10k

Juan David Maldonado
Posted

I have $10k saved up! What would you do if you were me getting into real estate investing for the first time? I am interested in buy-and-hold rentals only. 

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Chris Seveney
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@Juan David Maldonado

$10k unfortunately will not get you far in real estate. You will need 20% down unless you get owner financing - but even then I would not recommend buying something because several small or one major repair and all your money is gone.

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