Blog Post

How much money do I need to get started?

Nov 03, 2016
Don’t you wish there was a button that you could just press to get started? Would you believe me if I told you we have one? In fact, here’s the button, just click on it, read about our Realtor Chloe, and then give her a call! That’s the first step, and I promise it’ll be easy to go from there!
Get Started
If you’re not clicking on the button just yet but want to learn more about what it takes, I’m going to try and lay out more of the roadmap for you. One of the main questions I get asked by those that have the desire to get started investing in Real Estate, is how much money do they need to buy their first property. This is an excellent question and probably one of the most important! The answer to this question really depends on where you are in life such as where you live now, whether you currently rent or own, and if you have a desire to move residences or not.

Where you live matters quite a bit since a house in Long Beach, California will cost you roughly six times the amount that same house will cost you in Rising Sun, Indiana! But if you live in Rising Sun, then this is great news for you! It means you will probably need six times less money to get started down your Real Estate Investing career! For the context of this article, I’m going to speak as though you live in Long Beach, Ca since its where Beach Cities Management resides.

Another assumption I’m going to make with this is that you currently rent and will be a first time buyer. This just helps give everyone a starting platform and we can jump off from there! So you’re paying rent and being an excellent tenant in all ways for another landlord. That’s great! (For that landlord 🙂 But consider this: What if you were your landlord from now on? I bet you’ll be your best tenant and always pay your rent on-time and take good care of your own place, right? So that would be step number two: Buy an affordable residence that you can live in and the monthly costs are close to what you currently pay in rent!


Notice I didn’t say to buy your dream house!  This purchase is a stepping stone and the goals is to replace your current rental.  In fact, the best advise I can give you on this is to let your Realtor Chloe pick out her top 3 choices for you based on the wants and needs list she’ll ask of you, and to choose from these three which one will be best for you!  We want to keep this process simple, so having an experienced Realtor that works closely with investors and specializes on buying and selling investment properties, it’ll guarantee you it’ll make your first purchase a great property to convert into a rental down the road!

But how much money do I need to get started???  In a definitive answer, $6,000.00.  This amount gives you the ability to purchase a property that sells for $150,000.00. So if you’re serious about starting your Real Estate Investing career and working towards creating enough passive income to not have to go to a J-O-B anymore, take the first step and let us help you get there!  Every step after the first gets easier and easier.


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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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