When buying investment property with conventional financing, how much money will I typically need to get started?


Typically there is a no risk, refundable deposit to hold your investment. The rescission period will determine exactly how long that period is. Then the actual down payment is typically 5% to 20% and is usually very straightforward as chosen by you and your lender. If you want to start out with a $100,000 property for example, plan on at least $10,000 for down payment and closing costs as a good place to start.

Knowledge Tags: Financing, Funding, Loan