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Updated about 1 year ago on . Most recent reply

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Sole Angel
  • Member since Feb 22, 2024
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14
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Sole Angel's profile image
Sole Angel's profile image
Sole Angel
  • Member since Feb 22, 2024
Connect
Sole Angel
6
Votes |
14
Posts
General Real Estate Investing

How much capital is a good amount to start investing?

Sole Angel
Posted

Good morning! I haven’t bought my first property just yet, but I was wondering if $35,000 is enough to start buying a small single-family home in North Carolina. I found a lender that will cover the purchase and rehab, but I need to pay the closing cost, which is about 3–5%.

I would be using a DSCR loan since I don't have 2 years of work history.

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