How much $$ does it take to get into investing in real estate? - WickedFire - Affiliate Marketing Forum

CLKeenan · 05-09-2007, 03:10 PM

I'm got some cash sitting around and I would like to put it to work. Im curious as to how much $$ you should have when trying to get into real estate?

DaveEMG · 05-09-2007, 03:15 PM

Totally depends on where you're based out of and where you want to invest. Figure, in CA you probably need $1M line of credit just to start. In OK, you might be able to get away with a minimum investment line of $200k.

EduardoM3 · 05-09-2007, 03:22 PM

With less than $500k, I would look at the Mayan Rivera or Panama. Booming areas that you can make a good return with very low risk.

Eduardo.

Kfleming · 05-09-2007, 03:24 PM

Well if you watch tv at 3am you'll find out apparently it takes NO MONEY AT ALL!!!

ffblueocean · 05-09-2007, 03:54 PM

Quote:

Originally Posted by DaveEMG

Totally depends on where you're based out of and where you want to invest. Figure, in CA you probably need $1M line of credit just to start. In OK, you might be able to get away with a minimum investment line of $200k.

and in Texas you can buy a house with anchorage for $200k!

Woo Hoo for California!

LazyD · 05-09-2007, 03:56 PM

anchorage? Is that like someone where you can anchor your boat?

Maybe.... acreage....?

Oh, for reference, the county where I live in CA, average home price is 650K+

In the city I live in, average home price is 800K+ with many new homes worth 1.XX+

California sucks...

05-09-2007, 03:10 PM	#1 (permalink)
CLKeenan Join Date: Jun 2006 Location: Boston, MA Posts: 2,211 iTrader: 10 / 100%	How much $$ does it take to get into investing in real estate? I'm got some cash sitting around and I would like to put it to work. Im curious as to how much $$ you should have when trying to get into real estate? Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Interested in guest posting on a 9 year old domain in the education niche? PM me with what you have to offer. Looking for other guest posts, written content, design/dev work, and general SEO work.

05-09-2007, 03:15 PM	#2 (permalink)
DaveEMG Pwner. Join Date: Jan 2007 Location: Silicon Valley, CA Posts: 911 iTrader: 0 / 0%	Totally depends on where you're based out of and where you want to invest. Figure, in CA you probably need $1M line of credit just to start. In OK, you might be able to get away with a minimum investment line of $200k. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ "If you ain't first you're last..." ... "Oh hell, Son, I was high that day. That doesn't make any sense at all, you can be second, third, fourth... hell you can even be fifth."

05-09-2007, 03:22 PM	#3 (permalink)
EduardoM3 Senior Member Join Date: Aug 2006 Posts: 138 iTrader: 0 / 0%	With less than $500k, I would look at the Mayan Rivera or Panama. Booming areas that you can make a good return with very low risk. Eduardo. Share Share this post on Digg Del.icio.us Technorati Twitter

05-09-2007, 03:24 PM	#4 (permalink)
Kfleming Fired as a Mod Join Date: Feb 2007 Location: Philadelphia, PA Posts: 244 iTrader: 0 / 0%	Well if you watch tv at 3am you'll find out apparently it takes NO MONEY AT ALL!!! Share Share this post on Digg Del.icio.us Technorati Twitter

05-09-2007, 03:56 PM	#6 (permalink)
LazyD $monies = false; Join Date: Dec 2006 Location: Wine Cuntry Posts: 669 iTrader: 3 / 100%	anchorage? Is that like someone where you can anchor your boat? Maybe.... acreage....? Oh, for reference, the county where I live in CA, average home price is 650K+ In the city I live in, average home price is 800K+ with many new homes worth 1.XX+ California sucks... Share Share this post on Digg Del.icio.us Technorati Twitter __________________

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode