Updated about 8 years ago on . Most recent reply
Quick question on down payments. 20% or 25% down????
Hey guys quick question. We are in the process of looking at homes with our realtor and he firmly suggests we put 25% down instead of the 20%. We thought we should hold on to our money if possible, (even if its 5%) to try and make more purchases going forward. Any ideas why 25% could be better or why he is suggesting this?
Most Popular Reply
Cash preservation is the key to success in this business. Leverage as much as you can . The rates are historically low, mortgage interest is deductible which owner the effective rate.
Use the extra cash to fund the next deal.