paperwork: Thinking of Buying an Investment Property? - 08/03/16 11:25 PM

Whether you already own your home and are thinking of getting into real estate as an investment, or if you want to start with an investment property, this information will help with your planning.
The points below apply to rental properties that are single homes or condos, or multi-unit properties up to 4 units. These fall under regular residential lending rules. Five units and up, or commercial properties are treated differently for financing.
 
Down Payment – To purchase an investment property (which you are not going to live in) up to 4 units, you need to have a minimum of 20% of … (2 comments)