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Updated over 7 years ago on . Most recent reply

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Jake Newman
  • Rental Property Investor
  • Columbus, OH
5
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15
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Columbus Ohio Newbie

Jake Newman
  • Rental Property Investor
  • Columbus, OH
Posted
Hello, my name is Jake, brand new to this real estate investing world, currently have 0 deals. I live in a primary residence in Columbus Ohio that, due to a time constraint consider a bad deal, but possible rental down the road. I have been listening to bigger pockets podcast for about two weeks now and am very serious about why I want to invest. Looking for some guidance on how to find a good deal though and also how to split up the current cash I am looking to invest. To be more specific, I have between 20,000-100,000 in cash that I am looking to start investing with but am wondering if there are any specifics to go about doing so to not just immediately lose even a percentage of that. Should I start with just the twenty? And if so can I even get anywhere with that amount?

Most Popular Reply

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3,623
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Robert Ellis
  • Developer
  • Columbus, OH
1,730
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3,623
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Robert Ellis
  • Developer
  • Columbus, OH
Replied

Hi Jake!  You can absolutely get started with $20,000 that's a conventional down payment on a $100,000 property. There are some great up and coming B- and C class ares where you can get a good return on that kind of investment in Columbus.  

  • Robert Ellis

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