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Updated almost 10 years ago on . Most recent reply

Gustavo Orozco's profile image
Gustavo Orozco's profile image
Gustavo Orozco
  • Upholstery Technitian/ Landlord/Wholleseller/ Future investor.
  • from Belleville, Illinois
  • Member since Jun 21, 2015
Connect

User Stats

9
Posts
1
Votes
Gustavo Orozco's profile image
Gustavo Orozco's profile image
Gustavo Orozco
  • Upholstery Technitian/ Landlord/Wholleseller/ Future investor.
  • from Belleville, Illinois
  • Member since Jun 21, 2015
Connect
Gustavo Orozco
  • Upholstery Technitian/ Landlord/Wholleseller/ Future investor.
  • Belleville, IL
1
Votes |
9
Posts
Starting Out

Limited funds and corse of action

Gustavo Orozco
  • Upholstery Technitian/ Landlord/Wholleseller/ Future investor.
  • Belleville, IL
Posted

My question is simple. Should i wait to build a little money or should i take action? 
I'm new to Real Estate and i have a limited amount of money. Right now in my 401k i have $4000 available to me. I have no other savings and am wondering if i should save enough for a down payment on a home or if i should go out and look for a deal where i can get a home for that $4000. I'm looking to invest in a rental property. This is the property I'm currently interested in. Its very close to me and seems like a great deal.

http://www.zillow.com/savedhomes/for_sale/5268779_...

 Any advice would help and is greatly appreciated. 

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