pay pmi or avoid it?

[David Li]

hello everyone? so im a new investor and ready to buy my first house. the question i have is that i saved up right around 120k and im thinking if i should just put 20% down on a 500K home and not pay pmi? or just put 5% down on my primary home and pay pmi. then use the rest of the money and buy an investment property? let me know ur thoughts, much appreciated. :D