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Updated almost 4 years ago,

Tinah Canda's profile image
Tinah Canda's profile image
Tinah Canda
  • from Shrewsbury, MA
  • Member since Feb 17, 2021
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User Stats

45
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5
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Tinah Canda's profile image
Tinah Canda's profile image
Tinah Canda
  • from Shrewsbury, MA
  • Member since Feb 17, 2021
Connect
Tinah Canda
  • Shrewsbury, MA
5
Votes |
45
Posts
Starting Out

Buying first rental property

Tinah Canda
  • Shrewsbury, MA
Posted

Hi everyone,

I have 0 experience in real estate investing. I came across a "deal", and after running an analysis on it, it's supposed to cash flow about 800/month with 7% cash on cash. My dilemma is, the sale price is 500k which translates to about 132k in capital to purchase it. It seems to be a big chunk of cash to start. I have read that newbies should start small, like 100K at first. Kindly share your thoughts.Thanks in advance!

Tinah

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