Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 18 years ago,
how much is enough to start with?
I am still working on starting in real estate. I recently started a full time job. I plan to save as much as I possibly can to begin slowly in real estate. I was kind of wondering how much cash you need to begin with in NY(not the city) if anyone has experience in this area. In addition if I do have enough money to start should I continue to rent a place and buy a place to rent to someone else? Or should I buy a mutli-family and live in one of the units.I mean it makes sense that I shouldn't rent as it builds no equity. I really appreciate it. Thanks.