How Much Should You Earn A Year Before You Invest? (Beginner)

[ZayVon Johnson]

I'm a beginner investor and a topic I don't see talked about enough is what income (approx) should you be earning before you can safely invest into a small flip? 

Given all the different variables that can arise, and unexpected things that go wrong, I've been seriously thinking about this on my own the past couple days. 

Thanks in advance.

[Nghi Le]

If you're going to be using hard money and it's your first time doing a deal, I'd say you need to be able to set aside at least 30% of the purchase price and rehab of the project.  This should cover down payment, closing costs, and holding costs.

If the average purchase price in your area is $100k and average rehab is $30k, then you'll need $39k in cash to do the project.  Whether that's your own cash or someone else's cash... that's up to your creativity.