Buying An Investment Property
Today we're going to talk about buying an investment property.
When you buy an investment property, the biggest thing you need to know is that the down payment requirement is 20% at a minimum. So you must have a 20% down payment to buy a rental property, but the really cool thing about buying an investment property that most people don't fully understand is that we get to use rental income to help you offset the cost of that property. What that means is it is actually much more, much easier for you to qualify for a rental property than most people believe.
A lot of my clients come to me who are who own existing properties, and they're looking to buy an investment property, and they don't think it's possible for them. The ability to use rental income to offset the costs makes it so that generally, in most cases, it is.
If you're ever thinking about buying an investment property, are just curious to see if it's a possibility for you, give our team a call.
We're always here to help. Have a beautiful day.