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Updated almost 6 years ago on . Most recent reply

Kamenin Earl Banks's profile image
Kamenin Earl Banks's profile image
Kamenin Earl Banks
  • New to Real Estate
  • from Williston, ND
  • Member since Jul 2, 2018
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Kamenin Earl Banks's profile image
Kamenin Earl Banks's profile image
Kamenin Earl Banks
  • New to Real Estate
  • from Williston, ND
  • Member since Jul 2, 2018
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Kamenin Earl Banks
  • New to Real Estate
  • Williston, ND
6
Votes |
20
Posts
Starting Out

Buying first investment property

Kamenin Earl Banks
  • New to Real Estate
  • Williston, ND
Posted

Hi BP community.

How much cash should I have saved up to make my first investment? I know it varies on the price of the property, but what's a good amount of cash that's acceptable?

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Ramon Flores's profile image
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Ramon Flores
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Sep 25, 2016
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Ramon Flores's profile image
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Ramon Flores
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Sep 25, 2016
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Ramon Flores
  • Rental Property Investor
  • Los Angeles, CA
122
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172
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Ramon Flores
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Kamenin Earl Banks You should have 20% of the price for SFH and 25% for MFH. You should also have extra money in reserves in case you need to fix anything in the property or in case of a vacancy.

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