• Property Rent and Sale

  When should I buy investment property?

  Posted by John on October 4, 2019 at 6:39 am

  I recently graduated college with no debt and have a job making 80k/year. Saving 20% with my company’s 401k and maxing out my Roth IRA. I’m living at home so I don’t have any bills besides health insurance. My company pays for my phone, car/insurance so I don’t have to own a car. I have a rainy day fund for 6months living expenses. I want to purchase an investment property and have been wondering how much I need to save to do this. I expect 10-20% down payment and I know there needs to be a fund for vacancy, repairs, insurance but I’m not sure how much. Anybody with experience (good or bad) who has tips or percentages I should have saved would be a great help. Thanks!

  John replied 4 years, 7 months ago 1 Member · 0 Replies
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