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Updated over 2 years ago on . Most recent reply

User Stats

130
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94
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Maranda Tucker
  • Property Manager
  • Charlotte, NC
94
Votes |
130
Posts

How much $$$ did you have when you started investing?

Maranda Tucker
  • Property Manager
  • Charlotte, NC
Posted

My husband is convinced we have to be making $200k + a year before we can start investing. I KNOW that isn't the case. I have met a few that started with very little and built their empire over time. 

When you first started investing, how much did you have in your pocket? How much in the bank? Would love to hear from you!

  • Maranda Tucker
  • 806-685-1818
  • Most Popular Reply

    User Stats

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    Sergey A. Petrov
    • Real Estate Consultant
    • Seattle, WA
    784
    Votes |
    1,032
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    Sergey A. Petrov
    • Real Estate Consultant
    • Seattle, WA
    Replied

    I had zero or maybe even negative. Barely out of college, with a newborn, wife unemployed. Bought a condo using an FHA loan. It needed some work, water heater blew a week after closing. I remember getting my final estimated settlement statement the day before closing and realizing i was twenty or something bucks short for that due from borrower line item. That $20 was stressful!

    Lived in and worked on the condo in the evenings and on the weekends, repainted, replaced flooring, appliances, some other outdated fixtures, sold it two years later with a gain nearly equivalent to my gross W2 earnings at the time. That was 20 some years ago 

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