Start-Up Financing
I am new to the site and have been overwhelmed with the wealth of information available on this site. I will be finishing school in December and would like to pursue real estate investing part-time to create passive income for the future. I'm sure I have read the same books as most but feel it is now necessary to network and bounce questions off of other knowledgeable colleagues. Currently I am building a business plan of sorts and need to know the steps to take. I plan on offering help to investors seeking properties in the Pittsburgh area in hopes of retaining worthy information (mentorship perhaps).
The next thing for me is to structure my finance plan. I need to know how much I need to start out. I want to buy and hold properties and plan to start at the beginning of the year. Can someone offer advice on assessing start up costs? I know it is expensive for lawyers, insurance, surveyors and such. I just wanted a rough estimate so I do not get myself into trouble off the start.
Any response would be greatly appreciated.
Thanks, Jarred Smeltzer