Is 10% enough?

[Connor Campbell]

Hello!

I live in Washington state and want to invest in real estate but the markets are jus to expensive for me I have $25k to put down and another $25k to fix up a property. I used to live in Arizona and have an idea of the markets but is it going to be enough on a long distance deal? 

Thanks!

[Jon Puente]

Hey Connor, 

One BIG thing to keep in mind that not one person mentioned, is if you have 25K or 50K to put down, can you still afford that payment or will the property cashflow with that payment?

With interest rates the way they are right now, you either need to put down a good amount of cash to cashflow, or buy severely under market value.  Still have to make the payment too! 

Get with a broker or lender and run some numbers on what that payment looks like before you dive in.  Low and no money down only works if you can make that payment.