Additionally your principal will go down every month that you have renters paying you, ie the larger your payment and larger rents is more equity paid down.

LTV is 85%, so it requires a much larger down payment than the FHA203K.

If so, you open yourself up to a larger pool of candidates.

Purchase price: $35,600 Cash invested: $57,443 I purchased this property as a starter home to learn about real estate and gain experience to eventually acquire larger investment properties, like apartment buildings or strip malls.

You could defer those taxes to a later date and get into a larger property which actually makes money.

I would ask the builder to put down a larger deposit in light of the transient, unnumbered, changing, or unverified nature of the tenants (if legal)2.

So this is a investment/ flip I am very serious considering doing (already started escrow). the mls is 190048729 https://www.redfin.com/CA/San-Diego/6805-Fisk-Ave-92122/home/4895069With a purchase price of 845k with 3500 closing costs total remodel (done well) 96k20k kitchen15k (2) bath10k flooring12.5k paint/baseboard7500 on windows and door (inc. pre hung interior)13k roof15k plumbing (needs epoxy reling to the main)3k landscapetotalling 950k ish total cash outlayanticipated sale is 1.1 milgross 150k-minus seller fees 55kand contingency 5k making nice profit range 90k with a worst case sale price of 1,050,000 still in 40k ish I guess my issue is being the 3rd deal I am on so far (usually the 500k range) the larger # make me post up for another viewpoint for my SD real estate pros to say this good or not. would love to hear from 2nd opinion look before we close.

In addition, updated the laundry appliances with energy-saving ones which helped my bottom line.

In 2008, banks were allowing as little as 3% down to buy a home, which led to larger mortgage payments since people were financing the remainder 97%.To this day, banks like Wells Fargo have a 5% down option, but only for well qualified buyers.

My future goal is to have a portfolio of several homes or larger multi-family.