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Updated over 8 years ago,
2 Properties - How much down on each?
I will be purchasing two properties - one for approximately $20K and the other for $35K. Both have renters in them, one paying $740 per month ($20K property) and the other $850 per month ($35K property). I will be putting down approximately $20K total to reduce the mortgages and hopefully have them both paid off in 2-3 years. My question is, do I put $10K down on each OR purchase the $20K home outright, put a minimal amount down on the $35K home, and use the cash flow from both to pay down the $35K home.
Thanks!