First Time Investor with capital

[Nick Rini]

Hello all. I’m new to investing and to BP. I have a good job and make a high salary. This I have capital to invest in a first or second property but I’m dumb. Given that I have a good salary and don’t need the income from the property should I still insist on the 1% rule. Thanks for any feedback.

[Frank Wong]

Hi Nick,

The 1% rule is not something that is set in stone and should not be the requirement to buy.  For example, my clients in the Bay Area who invests locally here know they won't get 1% and don't expect that. They either put 50% down or pay cash.  They want a stable market close to home and know that it will be easy to rent out. 

It will really depend on your situation but I think the first thing you need to do is educate yourself at least this way you can decide what investment options are open and which fits your situation the best.

BTW you are not dumb obviously someone thinks very highly of you to have hired you and pay you a high salary =).