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Updated about 5 years ago on . Most recent reply

First Investment Property
Hey guys,
This is my first forum post so bare with me...
I am looking at a duplex in north Florida. I believe I can get it for 150k. I currently have 2 houses financed but no other debt. My current mortgage company says that I could finance with about 40k down. That much down scares me. Is that normal on an investment property? I calculate about an 800 dollar mortgage while collecting 1400 rent. With that much down is it a good ROI? Any advice is much appreciated.