Startup Capital Required In Dayton
Good afternoon BP family, I'm a newbie that is going to invest in the Dayton, Ohio market. I'll be investing out of state and I'm looking to acquire a turnkey duplex at a cap price of $100K. I've already made some calculated evaluations in terms of the expected operating expenses, the mortgage, closing costs, and a 20% down payment. My hypothesis is that I should be putting aside around $33K to cover the down payment, closing costs and about 6 months of reserves for PITI. Is there anyone in this market that can give me idea of how much I should have tucked away to make a deal like this happen? I'd greatly appreciate it!