All Forum Posts by: Alexanderia M.

I am a first time investor, who currently owns a home but is interested in purchasing a duplex, or some kind of rental property. I am curious to know, how much do I really need to save for my first investment? Is that contingent upon the type of property I am looking to acquire and the location it is in?

1 Vote

Originally posted by @Frank Patalano:

Originally posted by @Alexanderia M.:

I would have to say, not having enough money saved. I think this is fear rearing its head in my circumstance = and rightfully so. I think it would be best to have a nice cash cushion prepared before jumping and making an investment.

I currently own a home, that also makes it a bit more of a challenge, fearing that I may not look like someone a lender could trust or that I may be shamed for ”owning a home and wanting another.”

" fearing that I may not look like someone a lender could trust or that I may be shamed for ”owning a home and wanting another.”"

Throw that fear right out the window right now. I have never heard of a lender thinking that way. I haven't counted lately but last year I had 17 mortgages. Lenders fight for my business.

Read some books on Mindset. Think with an abundance mindset. You are living in a scarcity mindset.

You should have an emergency fund in place but you have to save more to invest.

Thank you Frank for your insight. I will take your advice immediately!

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All Forum Posts by: Alexanderia M.

Alexanderia M. has started 1 posts and replied 3 times.

Post: How much do you REALLY need?

Post: So what's holding you back?

Post: So what's holding you back?