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Updated almost 8 years ago on . Most recent reply

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Sean Carroll
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Sean Carroll
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Sean Carroll
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  • San Jose, CA
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Starting Out

How much capital should you have

Sean Carroll
  • Investor
  • San Jose, CA
Posted

How much capital should one have when starting out in REI in California? I tried searching previous discussion but could not find anything specific to California, and out real estate is crazy here :/

@Jay Hinrichs maybe you have some input.

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Jay Hinrichs
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Jay Hinrichs
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  • Lender
  • Lake Oswego OR Summerlin, NV
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as a beginner you can count on having at least 20 to 30% of purchase price in cash and ALL of the rehab money needed plus reserves.. if you can demonstrate that. you will find Bay Area lenders to loan at about a 9 to 10% APR for one year and if you want referrals to said lenders happy to do it.

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