New investor

[Keyla Mcdaniels]

How much money ideally should have saved going into buying a building? 

[Rosston Smith]

It all depends on your area. Remember, and FHA loan can require as little as 3.5%for your down payment.

So take 3.5% of a MFH and I'd you have that amount, you can get started.

Of course you need to take into consideration the closing costs (you can make the seller pay up to 6%of them. So you'll need a few grand in reserve just in case)

Also you'll want to have some savings for an emergency.

So in short, depending on your area, you could start with as little as 5-10k depending on the price of your property.