I am just starting investing and I would like to know… (on average)
How much capital will be needed for start-up.
That depends on you and your situatuion…
What is your plan of attack…? If you are going to bird dog, $0 - if you are going to buy, fix, and flip, you might need $20K or more…
What is your credit situation. If your credit is good, you might not need much capital at all…if your credit is bad, you might need a ton to put down.
RE is VERY situational…
Keith
My credit score is 728 and i have 20k available. I plan is to fix and flip.
Keith
Like I said…it’s very situational…where are you? In Louisiana, $20K could be used as a down payment and the money for the fix…in California, it “ain’t squat”…
Keith
HAHAHAHAHA…Good point… I’m in North Carolina