First investment property-10% down?
I'm buying my first rental property. Actually, my first home period. I'm told I have to put 10% down since it's an investment property. Is this true? What other options do I have? I have the cash and I'm definately buying the house but I'd like to some inputs about the mortgage.
I know there are tons of books, videos, etc. on no money down mortgages but I'd rather hear from real people wanting to help out rather than fanatics trying to sell me a book. Thanks for your time.
In case your wondering. I'm military, that's why I don't own the home I'm in now. 1. Japan doesn't let non-citizens own property. 2. I'm moving twice in the next 12 months.