Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

19
Posts
6
Votes
John Stapleton
  • waco, tx
6
Votes |
19
Posts

First Time Investor Jitters

John Stapleton
  • waco, tx
Posted

I am committed to getting into real estate (either long term or short term rental) and am curious thoughts on a first purchase. I have a good job and a big family (5 kids). I recently put myself on a strict budget and will probably use a heloc for my down payment. Here is my question. As a first timer how do you decide what your budget should be? Is it based on a how much of a down payment you can afford, how much you can afford assuming $0 in rental income or other?

Loading replies...