Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Should I buy this apartment investment property?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Lurkerinthewoods" data-source="post: 2907561" data-attributes="member: 15231"><p>Putting 20% down on a property is not the wrong answer, unless you plan on throwing away money every month for PMI. And good luck finding a lender who will loan on an investment property without at least 20% down. You might be able to find one, but the rates aren't going to be ideal. If you know of one in the Tulsa area, please let me know, because my brother has bought 7 houses in the past 2 years and he has to put a min of 20% to get any type of financing. </p><p></p><p>And depending on your job type and long term stability, there is nothing wrong with having a home debt free and funneling money into investment accounts while you are still earning good wages. </p><p></p><p>In the end, it all comes down to the individual person as to what's best for them. Living in a home and being debt free brings a certain level of freedom as does having a mortgage but also having liquid cash avail if needed.</p></blockquote><p></p>
[QUOTE="Lurkerinthewoods, post: 2907561, member: 15231"] Putting 20% down on a property is not the wrong answer, unless you plan on throwing away money every month for PMI. And good luck finding a lender who will loan on an investment property without at least 20% down. You might be able to find one, but the rates aren't going to be ideal. If you know of one in the Tulsa area, please let me know, because my brother has bought 7 houses in the past 2 years and he has to put a min of 20% to get any type of financing. And depending on your job type and long term stability, there is nothing wrong with having a home debt free and funneling money into investment accounts while you are still earning good wages. In the end, it all comes down to the individual person as to what's best for them. Living in a home and being debt free brings a certain level of freedom as does having a mortgage but also having liquid cash avail if needed. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Should I buy this apartment investment property?
Search titles only
By:
Top
Bottom