What Is A Distressed Property?
The first step is to determine your financing. How much can you afford to spend on your first property? You should have, at least, a minimum of $30,000 to make a responsible real estate investment, along with authentic sources of financing that ensure your closing capability for any properties put under contract.Many people think that to get started in real estate investing they need to attend a bunch of seminars to gain some sort of expensive and secretive education. While, admittedly, there are some excellent real estate education providers available, it’s advisable for you to consider whether the money should be used as a down payment for your first investment property.