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Updated almost 10 years ago on . Most recent reply

Account Closed
  • Investor
  • Knoxville, TN
1
Votes |
8
Posts

Big or Small down payment?

Account Closed
  • Investor
  • Knoxville, TN
Posted

Hi, BP Community,
I'm a brand new investor seeking to maximize cash flow quickly to build portfolio of rentals. Should I put a big down payment to get more cash flow and then use Home Equity Loan to get another property? Or should I do small downpayment to have more cash available for another deal? ...Or should I be thinking about things differently? Thank you all for your thoughts!

Most Popular Reply

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5,659
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Elizabeth Colegrove
  • Hanford, CA
1,832
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5,659
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Elizabeth Colegrove
  • Hanford, CA
Replied

I personally like to put as little down as possible, leveraging them as much possible. I don't refinance them, we leave them alone. So everyone has their own "strategy"

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