How much down do you really need to buy investment property?

In general, the amount of money needed depends on the type of property, loan program, and whether or not you’re planning to live there.

If you are buying 2-4 units and will not live there, then the minimum is 25% down but the interest rates are lower if you put 30% down.

If you own more than four Fannie Mae financed buildings, then you can still buy another property but the interest rates will be higher.

If you plan to live there, Fannie Mae will require 20-25% down but FHA (Federal Housing Administration) will allow 3.5% down, YES 3.5% down on units. 

This is the best way to start your real estate portfolio, and the rental income will help you afford the housing payments.

In my upcoming class, “How to Purchase Investment Property,” I‘ll teach you how to crunch the numbers, and determine if an investment is a good one or a bad one.

Investing in real estate can be overwhelming, especially if it’s your first time.

So whether you’re planning to buy investment property now, or sometime in the future, my investment class will de-mystify the investment process and help you to feel confident. 

I really hope you’ll join me.

“How to Purchase Investment Property”

When: Monday October 7th, 2013

Time: 6:30 to 9:30 PM

Cost: $39–Includes Workbook.

Where: Torrance Adult School 2291 Washington Avenue, Torrance, CA 90501

Register today at: TASTUSD.ORG

“It was a pleasure taking your class the other night at Torrance adult school. Thank you for the good information and insights and for offering to help in my quest to find a renter! I definitely am interested in the Cash Flow game night!”

–Fred Dai