tips on getting started

ginnyg67

New Forum Member
Registered
Jul 9, 2012
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#1
I am a new REIN member and totally new to real estate. I am working my way through the numerous binders sent to me with my membership (mail in membership for now, hopefully upgrade in a few months). How much money do you really need to get started in real estate, even with a joint venture? can anyone give me a ballpark figure? Cheers Ginny Greene
 

ChrisDavies

Frequent Forum Member
REIN Member
Feb 18, 2008
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Edmonton
#2
I think $50k is a round number. In Edmonton you can get a decent townhouse for under $200k ($40k downpayment, $1-2k closing costs, $3k reserve, $2k renos, $3k unknown buffer).