Do I need 20% down payment on an investment property?

[Lj Talley]

Hi, I am very new to the space of real estate and am currently reading “How To Invest In Real Estate” by the bigger pockets publishing team. I don’t have a ton of capital and was wondering if 20% down was mandatory for a property when wanting to invest. If anyone has any advice it would be greatly appreciated. Would love some discussion as I am a newbie :)

[Randall Alan]

@Lj Talley

If your investment property will be owner occupied, you usually only have to put about 3% down.  This is the “house-hacking” approach where you could buy a duplex and live in one side and rent out the other. 

Otherwise, for non-owner occupied properties you usually need at least 15% down to buy the property.

here are a few guides that might help you as you get started:

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

All the best

Randy