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All Forum Posts by: Emaria Mitchell

Emaria Mitchell has started 1 posts and replied 1 times.

Starting Out

Post: How much should my start up cash be?

Emaria MitchellPosted
  • Posts 1
  • Votes 0

So I am looking to buy my first rental property. My bank wants 25% down and I been looking at a place that is $100k it need a little bit of work it is a 3 bed 2 bath and will have a new roof. When I am done with down payment and closing costs and updating small things I am looking at $35k start up cash. How do I figure out how much to put into start up? what should my start up cash be at? 

0 Votes