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Updated over 6 years ago on . Most recent reply

User Stats

51
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Mark Anderson
  • Investor
  • Austin
22
Votes |
51
Posts

How much To put down 5% or 20%

Mark Anderson
  • Investor
  • Austin
Posted

I'm looking to buy my first investment property. I have enough money to put 20% down. But I was wondering what are the pros & cons of putting 5% down on a first time home loan compared to 20% if the 5% is able to cash flow. How would this affect my ability to buy more properties in the future?

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Replied

"How would this affect my ability to buy more properties in the future?"

Do the math. 5% down would leave you the other 15% to invest in more properties.

There are plenty of ways to get financing, cash on the other hand is much harder to find and too value to let it die a slow death as  unnecessaery equity. 

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