Determine purchase power

[Shubham Porlikar]

Hi all,

I am considering entering real estate investing. As one of the first steps, I am trying to come up with a buy box. But before that, I want to know what is a good way to determine my purchasing power. I want to answer two questions for myself:

1. How much cash do I have in hand available to be spent? Should it be X% of my savings?

2. How much loan can I get approved for?

Can you guide me how to go about answering these?