Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago,

User Stats

6
Posts
0
Votes
David Annis
  • Minnetonka, MN
0
Votes |
6
Posts

Total Newbie Question from Minneapolis

David Annis
  • Minnetonka, MN
Posted

Hey there,

I'm new to BiggerPockets and investing in general and had a question that I'm sure many of you have answered over the years, likely in the forums as well.


Anyway, here's the scoop. I'm new to investing. I own a home in Minnetonka, and want to purchase a sub 200k single family home as a rental. Its my understanding that I'll likely need 20% down for a second, non owner occupied home. So

1 - Is that an accurate assessment?

2 - I could come up with the 20% in cash, but I'd rather keep that liquid if possible. Are there smarter ways to finance a rental property vs. dropping all that cash up front?

Thanks in advance for your patience and consideration.

Dave

Loading replies...