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Updated over 5 years ago,

Kelly Scheer's profile image
Kelly Scheer's profile image
Kelly Scheer
  • Rental Property Investor
  • from Illinois
  • Member since Jul 4, 2019
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4
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1
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Kelly Scheer's profile image
Kelly Scheer's profile image
Kelly Scheer
  • Rental Property Investor
  • from Illinois
  • Member since Jul 4, 2019
Connect
Kelly Scheer
  • Rental Property Investor
  • Illinois
1
Votes |
4
Posts
Starting Out

Wait for more savings or start sooner

Kelly Scheer
  • Rental Property Investor
  • Illinois
Posted

Hi all-

I am new to REI and looking to buy my first property in the Chicago suburbs. Currently I have 20k in savings and a credit score in the low 700s...would you recommend going for a cheaper property with low money down to get my feet wet? Or should I wait, get more in savings, and get my credit score higher before I invest.

Thanks!

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