Buying your First Rental Property

[Zack Voiro]

I’ve been doing a bunch of reading and research and just wondering at what point are you financially ready to buy your first rental property? I have little consumer debt but not very much money in savings. Should I build my savings to 10-15k before pursuing my first property? I see everyone say just jump in and once you get your first then the next few get better but I don’t feel right going in without a emergency fund. Would love some input.

[Zack Voiro]

@Anna Laud thank you so much for the detailed info. I’m 28 and my goal is to have a few rentals before I’m 35. So now I know what I should be looking to save to get started. I’m in Florida and I know there are a few differences than Indy but pretty much the same concept. Thanks again