Buying out of state with 5% down

[Drew Campbell]

Is it possible to buy properties out of state with 5% down? I keep on hearing people say that you're typically going to want 20-25% down for an investment property but is it still possible to do 5%? Would a piggy back mortgage be worth it? I won't be able to invest for another 5-7 years since my wife and I are working on paying off debt and saving up for a down payment on our own home here in Florida, but real estate really interests me so I am trying to learn as much as I can so that when we do decide to dive into it, hopefully there will be several things that I have a decent base in.