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Updated about 6 years ago on . Most recent reply

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Ed Gonzalez
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Better to put 20-25% Down on an Investment Property or min?

Ed Gonzalez
Posted

Looking to purchase my first property which also is going to be a rental?  Is it better to put min. down or 20-25% and save the rest for unexpected expenses?

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Zach Catenacci
  • Mullica Hill, NJ
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Zach Catenacci
  • Mullica Hill, NJ
Replied

Hey Ed, I would put down what you most feel comfortable doing. I'm actually in your situation as well but I will be trying to pay all 20% of the downpayment to avoid having to pay extra for P.M.I. insurance.  Also, make sure you have some money in case anything goes wrong in your rental.

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