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Updated over 8 years ago on . Most recent reply
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3.5% Down Rent Investments
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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Typically you will need 20% down for single family and 25% down for multifamily for buy and hold investment properties.