Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
First Time Investor Jitters
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?