Updated over 3 years ago on . Most recent reply
Newbie to Real Estate
Hey guys, I’m new to real estate investing and wanted a little advice. I have been listening to the podcast for over a year now and I think I want to get started. I am currently renting but would like to start a rental portfolio but I have very little money (5k). Should I save or try to jump in?
Thanks in advance!
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Nicole Heasley Beitenman
#1 Medium-Term Rentals Contributor
#1 Medium-Term Rentals Contributor
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- Youngstown, OH
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Nicole Heasley Beitenman#1 Medium-Term Rentals Contributor
#1 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
House hack. I bought my first property with an FHA loan. Took about $5k for closing costs, down payment, etc. That being said, you'll have NO reserves. I'd save a little more and learn about house hacking while you save.