Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

111
Posts
77
Votes
Maranda Tucker
  • Property Manager
  • Charlotte, NC
77
Votes |
111
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

    1,032
    Posts
    783
    Votes
    Sergey A. Petrov
    • Real Estate Consultant
    • Seattle, WA
    783
    Votes |
    1,032
    Posts
    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 

    Loading replies...