Updated about 6 years ago on . Most recent reply
Recommended cash starting out
Hey all. My wife and I have been saving aggressively for a few years now. What is a good cash goal for starting out when it comes to purchasing a rental property in the Baltimore area?
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@Jake D. Crouse Do you have any equity in your home? I started out my BRRR method using a HELOC on our house. My husband is extremely conservative with our finances, so I had to get our Financial Advisor to approve before he would consider. She did and it was the best decision we have made. I have been doing it for 5 years now and my husband is jealous of the income I am able to produce w/o having a 9-5 job like he does. I introduce him as my "insurance" :). So grateful for that and his support. All the best to you and your wife!