Down paymentpayment options

[Jay Bickmore]

I am in the process of getting ready to close on a primary residence soon and have a question wanting to know what people think will be best.

I am moving out of state for a job and anticipate it will be very busy for a good 6-12 months. I would like to start building a rental portfolio there once things get settled a little bit. Maybe down the road this house could be a house hack. I sold my primary residence and have enough to do the 20% down if that is best.

Do people think it would be best to put 20% down and reduce the payment around 200-300/month and possibly open a Heloc for investing down the road or would it be best to put less say 10% down and save the money for a while when I am ready to look for a deal?

Hopefully that makes sense. Let me know if you have any questions or advice.