Updated almost 6 years ago on . Most recent reply
Down Payment of First Rental
In the Podcast with Erin Helle, she mentioned having $65k to put down on her first rental. She then said I thought you had to put 20% down and that know what she does now she would’ve bought 3 or 4 properties with the $65k.
What did she mean by this? I thought on the first mortgage they wanted 20% down and also, if you don't put 20% down then you have to deal with PMI.
I appreciate any advice. I’ve got $20k saved and looking to make a move this year and grab my first rental.