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All Forum Posts by: Chris Brademeyer

Chris Brademeyer has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: How to start with little money

Chris BrademeyerPosted
  • Franklin, OH
  • Posts 1
  • Votes 0

I recently joined with the hope of buying properties to rent out.  I have around $10k cash and $15k equity in my home. I'm becoming discouraged because a decent property in area (Southwest Ohio) would be $80k - $100k. A property less than that and I'd be afraid of attracting horrible tenants.  An $80k property would need $16k down plus a few months reserve plus lawyers and property management fees.  Basically EVERYTHING I have. I'm too nervous to throw ALL my assets at this from the start. 

Anyone have some advice?

0 Votes