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Updated about 7 years ago on . Most recent reply

Johnny Soriano's profile image
Johnny Soriano's profile image
Johnny Soriano
  • from Marietta, Georgia
  • Member since Nov 27, 2017
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Johnny Soriano's profile image
Johnny Soriano's profile image
Johnny Soriano
  • from Marietta, Georgia
  • Member since Nov 27, 2017
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Johnny Soriano
  • Marietta, Georgia
2
Votes |
17
Posts
Buying & Selling Real Estate

How much do you need to start?

Johnny Soriano
  • Marietta, Georgia
Posted
I’ve read a few books and watched many videos on real estate investing. Now I’m obsessed with the idea of cash flow. One of my questions is how much money do you need in cash reserves?
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Arlan Potter's profile image
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Arlan Potter
  • Investor/Accountant/Builder
  • from Meno, Oklahoma
  • Member since Jun 17, 2014
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Arlan Potter's profile image
Arlan Potter's profile image
Arlan Potter
  • Investor/Accountant/Builder
  • from Meno, Oklahoma
  • Member since Jun 17, 2014
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
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1,603
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

When I started, I worked full time doing accounting work. Bought a distressed house for $2,900.00.  Fixed it up myself and got it rented.   Never had much reserves, just a job and a credit card.   

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