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Updated about 6 years ago on . Most recent reply

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Ryan Daniel
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Is $130k per year job enough to get started?

Ryan Daniel
Posted

WARNING! New guy question. Proceed with caution ;)


All kidding aside, I've been reading about rental properties for a while. However, a lot of articles mention that the person (or couple) saves enough for a new rental every 12 months. 

So here I am, $130k salary, thinking "how do I save $50,000 every 12 month"

Just curious - is it because these people have very generous salaries ($200k+ per year) or is there something i'm missing?

Thanks for your time and sorry for the "new guy" question.

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Jeff C.
  • Real Estate Broker
  • Bakersfield, CA
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Jeff C.
  • Real Estate Broker
  • Bakersfield, CA
Replied

We pretty much all started on less. Get it done.

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