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Updated almost 12 years ago on . Most recent reply
How much did you have in reserves after 1st deal purchase?
Since buying a home is so $ intensive, my question is how much did you have in the bank after buying your 1st investment property? Seems it would be difficult to pull off with a down payment, closing costs, rehab, etc. to have a significant amount in the bank?
Most Popular Reply
Bill Gulley
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Did you every hear an authority figure, mom, dad, teacher or other adult say; Do as I say, not as I do! ???
LOL!
My first property was purchased with seller financing and I didn't have $20 extra as a 19 year old! Owner occupied too. I had more than 3 months reserves when I went VA and started financing at the bank, so you can get there. :)