I'm am in the beginning stages of looking for properties for renting. What is the typical loans that one would get? I have never bought if that helps.
@Albert Smolinski Typically, investment / rental property loans are 20-25% downpayment conventional 30 year fixed rate loans. If you search for "house hacking", you can read up on how people buy a property that they first live in, then rent out when they move out. Or, you can buy a duplex, triplex or fourplex, live in one unit and rent out the rest. Owner occupant loans can be had for 0-3.5% downpayments
For investiment multi-unit properties (non-owner occupied), you will look at the very least 25% down. As @Arianne L. mentioned, a lot of folks move into one unit and then the next year they rent that one out as well.
Good luck on your purchase!
Thanks for all the input! Like a FHA loan right?