Eliminate debt, establish a budget, and save.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

I live in Lebanon, IL and this property is also in Saint Clair County in Belleville.I plan on managing this at first, but want to build a proper amount into my budget.What would you recommend for budgeting for in terms of good property management in this area?

But, there are still deals that can make sense depending on your budget. 

This is the true organizational and budgeting tool that every investor should be using for their projects.

We are in a constricted market cycle, low volume, strained budgets, high costs.

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

I started an automotive business on the thinnest of shoe-string budgets; way under capitalized. 

Although it depends n your budgets and expectations. $430 could be chicken feed to you.How big are your pockets lol.Obviously you want them to get bigger!

@Greg P.With a $750K budget, I recommend focusing on single-family home investments in the Midwest.