What is a good amount to save to prepare for first Real Estate Investment?

[Zarrin M.]

Hello,

I'm in the early stages of learning the basics of REI. However, I want to start the process of saving for it now. I'm considering buying and holding, flipping or BRRRR as options. I haven't yet decided which strategy is best for me, but don't want to wait to start saving.

What do you think would be a good ballpark figure to save for a first time real estate investment in the greater San Diego area?

Thank you!

Tahirih

[Carlos Valencia]

Hello Tahirih, 

Do you plan on purchasing as an investment or open to the possibility of house hacking where you live in one unit and lease out the rest? Owner occupied usually needs at least 3.5% down if using FHA or 3-5% for conventional. As for Investment properties you will need 20-25% down payment. Just look at the area of where you plan on investing to see how much you will need to save. Hope this helps.

@Albert Bui @Matthew Kwan