First time Investment down payment of 10%?

[Tajinder Kandola]

for a first time investment down payment of 10% Will that be sufficient in Most Areas? (here in Canada British Columbia) Or do most as do i have to go the Traditional route and have to put a down payment of 20% or more? what do they check other than your Credit History and such regarding this issue? Thanks!

[Paul MacInnis]

@Roy N. - I've also learned that lenders are also using rental income based on tax returns now....which can be problematic for investors who are depreciating their properties and basically pushing the net income down to nothing.   It's  a balancing act now of showing enough return to continue qualifying but minimize tax hits at the same time!  Accountants are key!