When to start investment on real estate? How much savings should one have suffiently before starting real estate investment?:)


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Originally Posted by nicespringgirl

When to start investment on real estate? How much savings should one have suffiently before starting real estate investment?:)


Thanks

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When, is when the market is low... I have a lot of clients buying right now at a very nice discount. As far as savings there are a few variables...

~ How do you plan to purchase? (Hard money or regular lending?)
~ Depending on your credit and method of purchase will determine how much you are going to put down.
~ Personally I recommend at least 6 months mortgage payments in a savings account for any repairs or vacancy.

Let me know if you have any more questions, I'd be happy to help.