If you have less then 20k, you shouldn’t invest in real estate

[Shiloh Lundahl]

I know that many may not agree or may even be offended by the idea that if you don’t have 20k you shouldn’t invest in real estate, however, It’s true. If you’re an adult and you have no money saved up, then before you invest, you should first learn to manage your money and save up about 20k before you start to invest. Things will come up that will cost money and if you don’t have any reserves then you risk losing the asset and having damage to your credit.

So before you try to invest with no money, get money.

[Jeremy Hackenberg]

@Shiloh Lundahl

I’ll play the devils advocate and ask what about a 51k duplex I’m looking at in Dayton, OH? There are plenty of properties around like this that I could fund around 15... I can build up my balance fairly quickly with the long term renters in place.