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 over 11 years ago,
Buying my first rental property
I'm 22 years old, just finished college, where I would like to buy my first investment property. I moved back in with my family to help me save to pay off the mortgage for the single family home. I have not made any decisions yet, however, I'm looking for a small house around $50,000 and looking to make a down payment of 20%. Is $50,000 a good amount for someone just starting out? This property will be used as a rental for my tenants.