Homepath 10% Down Investor Purchase No-Brainer!

[Mitch Dowler]

I have long had 4 financed properties so I have been paying 25% down plus closing costs for each new investment. I takes time for me to scrape together that kind of money for my buy and hold investment style. When I heard the recent BP podcast on Homepath I ecstatic. I had also done quite a bit of investing out of state due to price point and cash flow but now with Homepath properties right here in Washington state surrounding Joint Base Lewis McChord now make sense. Crunching the numbers I can realize strong positive cash flow and a 16% ROI.

I am retired Army and have great success keeping my properties in this area rented to both military and civilians. I have turned properties within a week and good tenants literally line up around here with good marketing and a quality unit. Once I have 10 financed properties Homepath is still a great tool to move up to 20 Fannie Mae financed properties by putting 25% or 30% down.

This is a big help in building my portfolio and helping to replace my earned income for a real retirement. I think about it this way, for every new investment property I acquire under my criteria that is one more day per month for the rest of my life that I don't have to work!