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Updated over 10 years ago on . Most recent reply
Dallas Texas: Recommended Minimum Cash In Hand
How's it going everyone!
I am looking to invest in a buy and hold rental property in or around Dallas Texas with upfront expenses for repairs to be below $5,000. Being extremely new to REI, I am wondering what the ideal amount of cash in hand would be for my first investment.
I know that the answer to this question is all circumstantial. But, for those of you who are seasoned in this type of real estate investing, in this market, what have you found to be an ideal median amount of cash in hand to be?
Currently, I only have between $10K and $14K, but I feel like I need at least double that to even have a chance.
Thank you and hopefully I'll get to meet you at the upcoming meetup in Irving!