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Updated almost 9 years ago on . Most recent reply
If you had $__k to invest per month
I suppose the first thing should be to outline that this would apply to an investor looking to invest in residential real estate, and of course that it will vary dependent on each specific market. Curious to hear how everyone thinks the use of certain monthly increments could be best utilized in building a successful portfolio:
- $1k
- $2.5k
- $5k
- $10k
- $25k+
Naturally this could include holding on to the monthly amount and saving it for an upcoming use (down payment, HML, etc). I'll provide what I think could be viable uses of these sums and looking forward to hearing everyone's input.
- $1k - Investing in "yourself" (education, courses, mentors, coaching); marketing
- $2.5k - as above; Rolling it into an upcoming down payment; partnering
- $5k - as above; entry point for a down payment(?)
- $10k - as above, strategic investing based on criteria
- $25k+ - as above, rolling into potential HML
Let me know which obvious things I'm missing and also really interested in seeing how you would (or did!) progress through these increments.
Most Popular Reply
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EZPZ
- $0- Investing in yourself, Education is free BP and libraries, maybe $10 for a REI group.
- $1k - Saving
- $2.5k - Saving
- $5k - Saving
- $10k - Down Payment/Saving/buying more property.
- $25k+.... Beaches out in some far away land being served martini's on the beach.