Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 4 years ago on . Most recent reply

User Stats

45
Posts
5
Votes
Tinah Canda
  • Shrewsbury, MA
5
Votes |
45
Posts

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

Loading replies...