Looking for Realistic information

[Melissa Lapinski]

Hi everyone. I am so happy to have this site available. I have already received so much information. Thanks to everyone!

I am not under any illusions that I am going to be rich. I am really looking for financial stability. I understand that this is going to take a lot of time and work and I am ready for that.

My first question is a realistic ball park estimate of how much money I should have in my pocket for my first investment. I know this is all going to depend on the property, etc. I am just wondering if there's some sort of way to figure out how much I should have. Maybe a calculation or percentage of property price or something?

I am also having a bit of a hard time trying to make my first business plan. I know you are supposed to have short term goals and long term goals among many other things. I want to make sure my goals are realistic, and motivating at the same time so I really don't know where to start. Does anyone have a rough draft of your first business plan and information on how it worked out for you?

I know these questions are very vague and I apologize for that. I am truly a beginner :)