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Updated about 1 month ago on . Most recent reply

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Eli Fackler
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8
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Amount in reserves needed to start investing

Eli Fackler
Posted

Hello! 

I just turned 20 years old, and I am in the process of finishing the half gut remodel my first home recently moved into. I really fell in love with the whole process, and I am very confident that this is what I want to do for my career. I still work landscaping full time and don't necessarily dislike it but not something I want to do for the rest of my life lol. Anyway, looking to flip or BRRRR my next investment property and just wondering how much cash reserves I should have other than the amount to purchase the property? Going to be buying a distressed property around 60-80k range and most likely going with the BRRRR. Any suggestions or advice is greatly appreciated for someone just starting out.

Thanks!

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