Things To Think About: Watch Your Money

I have spoken by phone or email with six different would-be or current real estate investors for the Kansas City real estate market.  Here are some things to think about that run current to all;

• Watch your money.  Today you will need a minimum of 25% down for multi-family homes and usually 20% down for single family homes.
• Watch your money.  After you have enough for the down payment, closing costs, etc make sure you leave money for repairs, a start-up business account and an Emergency Fund of some size.  (Individual counseling probably necessary here.)
• Watch your money.  Use market fundamentals when determining current worth and projected income/expenses.
• Watch your location.  Location.  Location.  Location.