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Updated about 2 years ago,
Down Payment Minimum for First-Time Home Buyer of Rental Property
Hello!
I'm currently renting an apartment and have been considering purchasing an investment property to Airbnb. I have zero debt and don't own a home -- what is the minimum down payment I can put on a single unit investment property? I've seen 15% in a few places, given I have a good DTI ratio and high credit, but I'm curious if I could go as low as 10% since this would be my first mortgage.
Thanks in advance!