General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 04/30/2020
How much money do you really need to start investing?
Hi All,
I hope you are all doing well and staying safe.
I know the idea that you don’t need lots of money to make money, but as I’m reading and researching more about different investment opportunities, I began to think: How much money do I REALLY need to begin?
Of course, you need to have the money for a down payment (either your $ or OPM), but my main question is, how much do you need to have in reserves? I properly allocate a percentage of the overall rent to expenses like CapEx, vacancy etc, but on top of that, how much should you have set aside in order to sufficiently cover any unexpected expenses.
Any hell would be greatly appreciated.
Best,
Jason