BiggerPockets

If you buy real estate.. How much can you earn from that and what do you need to start in cash?

Come on, what sort of answer is that? Is that how much you earn or how much you need to start? :-)

the smarter you are, the less you need.

i have seen people get into deals using nothing more than the English language.
good luck

I think it's a broad question...but fair ! I can tell you I started with $7000 to buy a very run down house... I fixed it and fliped it with my monthly income...currently I own 7 rental properties and growing...all this in 4 years or so....I'm not full time though.

If you BUY real estate, you need the amount of cash that the seller is willing to sell for.

When you sell you sell for what you can get. The difference is what you make!! If you bought a couple of years ago you bought at an average of about 150K and if you sold today you sold at an average of about 80K so you LOST about 70K.

What you can make ranges from losing everything to making everything depending upon how many deals you can do and your timing combined with your due diligence in selecting the correct deals. IT IS ALL UP TO YOU!!!!!

Bjorn-

It depends on what you want to do. If you have little cash to buy houses then you need to get creative and do sandwich lease options or sub2s. To market for those you should have a few grand in the bank. This will cover direct mailing costs, pre-foreclosures listings, bandit signs, postcards, etc.

If you want to do fix and flip or buy and holds be prepaired to have 20-25% of the purchase price + repairs+holdings+etc. to come out of your pocket.

I started with a few grand about 6 months ago and I'm hoping to close my first deal next month. There is definitely a learning curve, if you want it to go quicker get yourself a good mentor (Nick Johnson). But do not waste thier time. They'll drop you like a bad habit. Good luck and you'll never know unless you try.

That realy depends on which school you went to! :oops: