Related Posts
Who’s down to go to a hawks game?!?!
Does LTI provide reimbursement for WFH setup ?
Additional Posts in Personal Investment Chatter
what’s the most you’ve spent on brunch 🤣
What are some good stocks to buy today?
Is BRK-B a buy right now?
New to Fishbowl?
unlock all discussions on Fishbowl.
Pro
A mortgage. They just have different guidelines than primary residence.
Maybe check out a resource like Bigger pockets to see different loan options. If this is your first investment property, or you're a bit risk adverse, I'd probably go with a conventional loan.but there are a few other options (going in with partners, hard money lenders, etc). Also, your strategy may influence your choice. Are you buying to hold? Are you flipping? And so on
Will you live in the property or is this purely going to be a rental?
Expect minimum 25% down and basically for a conventional loan it will come down to your dscr
20% with mortgage if it’s purely rental. You can’t really do anything else unless you’re flipping then use private or hard money