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Updated about 5 years ago on . Most recent reply

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Johnny Taylor
  • Birmingham, AL
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Acquire investment real estate with little money doen?

Johnny Taylor
  • Birmingham, AL
Posted

How can I do this? Or will I need to pay 20% down or more every time?

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Anthony Dooley
  • Investor
  • Columbus, GA
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Anthony Dooley
  • Investor
  • Columbus, GA
Replied

If you are smart, you will want to put 20% down. Especially if you are someone who thinks that real estate prices will crash soon. I personally don't think there will be another crash like 2008 in our lifetime, but some do. Putting money down lowers your risk of foreclosure because you have at least 20% equity from day one. In the event you needed to sell, you could break even or lose less money.

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