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Updated over 8 years ago on . Most recent reply

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Christian Morrison
  • Seaside, CA
0
Votes |
5
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3.5% Down Rent Investments

Christian Morrison
  • Seaside, CA
Posted

So I want to start making offers on some houses around town for rent investment properties. I'm not too brushed up on how mortgage loans work. I've heard of this mystical 3.5% rule tossed around, and was wondering what the deal with that is? So I can get a loan for mortgage (for buying a rental investment property) for 3.5%?

Thanks in advance!

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73
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44
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Dustin Cook
  • Investor
  • Los Angeles, CA
44
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73
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Dustin Cook
  • Investor
  • Los Angeles, CA
Replied

Typically you will need 20% down for single family and 25% down for multifamily for buy and hold investment properties.

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