General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 12 years ago,
Need Expert Opinions For Rental Positive Cash Flow
I am new to Real Estate Investment. I am looking at a possible deal. Purchase a property and use it for a rental (positive cash flow). I have a property in sight, and the numbers are working pretty good. The only issue is that I already own a house and to get the financing for the second is hard. From what I have seen so far there are three categories primary, second home( Far away, resort, beach....etc) or the last option which is investment.
I was looking to put around 5% down for the down payment but looks like I am leaning towards the third option which is investment which requires 20-25% down. Is there any way I could make my deal a second house and not go with investment option. I am sure its doable, but somehow I have to make the property appear not as an investment. Can anyone suggest any tips...Thanks