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Updated 5 months ago on . Most recent reply

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Brian Martine
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Good amount to put down on a property

Brian Martine
Posted

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
  • Severna Park, MD
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

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 . 

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