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    nicespringgirl's Avatar
    nicespringgirl Posts: 1,237, Reputation: 187
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    #1

    Sep 10, 2007, 11:52 AM
    Real estate investment
    When to start investment on real estate? How much savings should one have suffiently before starting real estate investment?:)


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    Joe Mortgage's Avatar
    Joe Mortgage Posts: 8, Reputation: 1
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    #2

    Sep 11, 2007, 12:19 PM
    Quote Originally Posted by nicespringgirl
    When to start investment on real estate? How much savings should one have suffiently before starting real estate investment?:)


    Thanks
    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.
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