10 min listen
1153 - How Much Money Do You Need to Invest in Real Estate? by Scott Gibson
1153 - How Much Money Do You Need to Invest in Real Estate? by Scott Gibson
ratings:
Length:
21 minutes
Released:
Dec 11, 2023
Format:
Podcast episode
Description
Residential real estate investing has the potential to be very profitable. But how much do you need to invest in real estate and generate steady passive income?
Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors. However, understanding all the costs of buying a real estate investment property will help you avoid costly mistakes.
Buying a rental property, holiday home, or property to flip can yield short-term and long-term financial gains. However, the money needed to start real estate investing depends on several factors. You must establish a contingency fund, pay closing costs, and save for the down payment. Then you have ongoing costs like mortgage payments, property maintenance, and property taxes.
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Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors. However, understanding all the costs of buying a real estate investment property will help you avoid costly mistakes.
Buying a rental property, holiday home, or property to flip can yield short-term and long-term financial gains. However, the money needed to start real estate investing depends on several factors. You must establish a contingency fund, pay closing costs, and save for the down payment. Then you have ongoing costs like mortgage payments, property maintenance, and property taxes.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 11, 2023
Format:
Podcast episode
Titles in the series (100)
736 - Here’s Zillow’s Home Price Forecast for the 100 Largest U.S. Markets. Hint: California is Struggling by Matt Myre by BiggerPockets Daily