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Updated over 5 years ago on . Most recent reply

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Keigen Hogan
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Good amount of money to start investing

Keigen Hogan
Posted

Newbie: I have a couple thousand saved up, should I get a HML OR PML to help me get started? Or should I continue to work and save then get started? Very eager to start investing!

Would like to know what others opinions are a good money starting point?

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Shiloh Lundahl
  • Rental Property Investor
  • Gilbert, AZ
4,370
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2,789
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Shiloh Lundahl
  • Rental Property Investor
  • Gilbert, AZ
Replied

@Keigen Hogan we need more info to give more suitable advice. What market are you in? Do you know any real estate investors personally? Do you have a full time job? Are you 20, 30, or 40 years old? Do you have a family that depends upon You for survival?

With only a few thousand saved up, the answer for most people is NO. Learn to manage money first or you could find yourself in a worse situation if you learn to make money in real estate without having strong financial basics down. Mo money, mo problems. 

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