Looking to buy investment property

[Nakul Patel]

Hello All,

Excited to be here. Looking for guidance on buying our first investment property in Southern California or in Ohio (around Columbus)  to start off with . 

Should we buy and market for S8 tenant or without ? Pro and/or Cons to consider ? 

Is it required to put down 15-25% down payment for investment homes ? 

Any other guidance and/tips will be greatly appreciated ! 

[Evan Hopple]

Hi @Nakul Patel, welcome to BP

I can't speak for California, but you don't have to market specifically for Section 8 tenants in Ohio. Individuals with a Section 8 voucher will typically seek the nicest housing that does not exceed their voucher limit. Wherever you invest, I recommend hiring a property manager who is highly knowledgeable about Section 8 and its frequently changing guidelines.

Putting down at least 20% ensures the best rates and avoids any PMI payments.

Good luck!