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Updated about 6 years ago on . Most recent reply

User Stats

16
Posts
1
Votes
Matthew Johnson
  • Rental Property Investor
  • Tampa, FL
1
Votes |
16
Posts

Advice for first property

Matthew Johnson
  • Rental Property Investor
  • Tampa, FL
Posted

I’m looking for some advice on purchasing my first property and where to begin.

I currently just purchased a house that my family and I live in. I have about $13,000 in investment accounts. I have about $15,000 in equity in my home. I also have about $10,000 in equity in my vehicle. I have several thousand in credit cards as funds available as well.

Considering I have a home through a conventional loan, how much money do I need to put down on an investment property? What price range of home should I be looking for? Etc

Any insight is appreciated!

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