New member

[Warren Lee]

Hi all,

I'm new to real estate, i have an accepted offer and it's my first deal. 

I have a question for all you pros,

When you put a down payment on a home is it better to put as little money down as possible or should you down the required amount? 

In Canada, if you down less than 20% you get hit with the CMHC.

My deal 

Property 300,000

      Down 10%

      CMHC Property now 330,000

BUT if i only down the 10% i can purchase another. Is it better to have two properties for the same amount that I'm going to down for the one property? Your thoughts. 

Thanks all