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Updated 5 months ago on . Most recent reply

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38
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Felicia West
21
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38
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Downpayment amounts - 20, 25 or 30%?

Felicia West
Posted

Hello,

As a beginning investor, what down payment amount would you suggest if doing a traditional mortgage?  Of course, putting more down like 30 % would make it look like the property cash flows well, but is it worth it to put that much down, or is 20 or 25% down better depending on which gives you a better interest rate?  Thanks!

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38
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21
Votes
Felicia West
21
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38
Posts
Felicia West
Replied
Quote from @Theresa Harris:

If you are planning on buying more properties, I'd do 20% down. 


 Thank you, Theresa!  I would like to do more than just one property, so I will keep that in mind.

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