Updated over 5 years ago on . Most recent reply
Traditional Investment Financing Question
Hello my name is Caleb and I’m looking to buy my first rental property. I have some money saved up but less than 30,000. I am approved for a traditional investment mortgage but only about 100,000 with 20 to 25 percent down depending on the type of house. I am told that I can’t get a mortgage on a house less than 50,000. Am I better off buying outright with cash and personal credit or using a traditional investment mortgage?