Updated over 19 years ago on . Most recent reply
More than 20% down payment for income property?
I am not looking to flip or do anything short term.
I want to buy a rental property for between 400k-2 mil, and I want it to produce positive cash flow and be extremely low risk.
I am in Southern California, and would *probably* like to buy here, but I am willing to explore other areas.
I am not ready to do this now, but am looking at the 6mo-2yr time frame.
I am thinking of putting a large amt of cash down (over 20%) and trying to maximize my cash flow while minimizing my risk.
Has anyone tried this strat? What are the details I should look out for? What is a better strategy for low risk vs a better strategy for high return? Pay 100% of 400k? Pay 20% of 2 mil? Something in the middle?