Minimum amout for starter investment?!?

[Haiden Welch]

Hi, My name is Haiden, and I'm looking to purchase my first residential investment property within the year.

I am in University and have my Real Estate License and am planning to work part-time as an Agent once I pass my exam to make connections and to keep learning about my San Jose/Santa Clara Market (plus hopefully increase my income).

I am saving all I make at my current job and am trying to understand at what point I can start looking to buy my first Property. 

Do you think I should focus on finding a partnership? What is the Minimum amount of capital I should have before I start looking for a property? Would I have trouble finding a loan? Should I focus on out-of-state investing? Am I better off focusing on doing a flip or wholesaling rather than doing a buy and hold?

I'm relatively new to real estate so any advice or insight means a lot.

Thanks in advance!

[Theresa Harris]

If you want to buy and hold (eg long term rental) and you aren't planning on living in it, you will need 20% down. What that 20% translates to in dollars really depends on where you are buying. You will also need money for closing and an emergency fund.  As for getting a mortgage, you will need reliable income and some W2 to show the bank.