Updated 3 months ago on . Most recent reply
Good amount to put down on a property
If you want to make 2-4 deals starting out with minimal cash on hand how much would be a good amount to put down so you can buy multiple properties with $15,000 cash total?
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Matthew Paul
#2 Contractors Contributor
#2 Contractors Contributor
- Severna Park, MD
You simply dont have enough , $15,000 is barely a down payment on a $100K house , if it needs any work you are in trouble . Thats barely enough for a good used car .
If the house needs new HVAC that can run $8,000 Roof could be $10K and up .