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Updated almost 6 years ago on . Most recent reply

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How much money do I really need to start in real estate?

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How much money I need to save up to have a real chance of starting on a good note? Is a mentor really necessary?

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Saving money is more of a life style then a goal in terms of an amount to begin real estate investing.  I currently live on 75 to 80 percent of my net income. Point I'm trying to make is, it takes discipline.  First thing I do when that paycheck comes in is pay myself.  I put money in savings and then pay my bills.   I did not start at 20-25 percent in savings. It took time and persistence. Even if it's 10 dollars a pay. Pay yourself first every pay.  The key in the beginning is to create a habit.  Then once it's routine you can focus on the amount.  GOOD LUCK.

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