Updated over 9 years ago on . Most recent reply
5% down
I have found a property that i am interested in in my area. I have talked to a loan officer and she says i would be able to get a conventional loan with 5% down. The house does need some improvements (carpet out and in with laminate, and also needs new indoor paint). the house is listed for 79,900 and in the area it is in i can rent this house out for around 975$/ month. Is this an investment i should be considering?
thanks