I'm looking to buy my first investment property. I have enough money to put 20% down. But I was wondering what are the pros & cons of putting 5% down on a first time home loan compared to 20% if the 5% is able to cash flow. How would this affect my ability to buy more properties in the future?
@Dan Mackin yes i would be planning on living in the property
"How would this affect my ability to buy more properties in the future?"
Do the math. 5% down would leave you the other 15% to invest in more properties.
There are plenty of ways to get financing, cash on the other hand is much harder to find and too value to let it die a slow death as unnecessaery equity.