"How much money do you need to start investing in real estate?" There is no one simple answer to this question, but I do believe there is a good starting point. Yes, it is true you can begin your investing journey with no money. However, there are important things you should educate yourself on and integrate yourself into as you begin investing in real estate. Once you have obtained a property, now the question is how much money do you need in reserves? Do you set aside a percentage each month from your cash flow? That is where I think people set themselves up for failure. In this video, I suggest setting aside a cash reserve to be able to handle the two biggest capital expenditures for a property (i.e. roof replacement, furnace, etc). Although technically you can begin investing in real estate with no money down, be cautious to begin this without having a cash reserve for repairing you knew investments.
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Want to join a group of like minded men to encourage you, hold you accountable, and help you reach your goals faster? Watch this video about the Seek Wisdom Mastermind group: and fill out an application at --------------------------------------------------------- Timecodes 0:00 - Intro: how much money do I need to start investing in real estate 0:23 - You can get started with no money 1:05 - No money does not mean no money in your account 2:30 - Starting in R.E.I. through educating yourself, learning skills, networking, wholesaling, etc 3:45 - You do not need money to begin investing, but you need a reserve 4:26 - Cash reserves based on a properties two largest capital expenditures 5:57 - Closing --------------------------------------------------------- About Ryan Ingram: I believe the meaning of life is to become the best version of yourself for the benefit of all those around you. Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom. Unfortunately, on my salary in law enforcement, I couldn't make that happen. I questioned my abilities as a provider, and for a brief time, even as a man. I dedicated myself to read one book per day until I learned how to solve this problem. 5 years later, we have a few businesses and over 250 rental properties. We made sacrifices along the way, but I learned the power of mentorship. I know the importance of finding someone willing to help and guide you, even if they are just a few steps ahead. #realestate #realestateinvesting #realestateinvestor
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By: Ryan Ingram Title: How Much Money Do You Need To Start Investing In Real Estate? Sourced From: www.youtube.com/watch?v=nERAZECiIns
