Dipping my toe in the water

Mirthon profile photo

Hi all.
I own my home, and got involved with trying to buy a home for my sister in law who lives in Japan. In the process, I've been bit by the Real-Estate bug.

I'm in Massachusetts, and am very early in the learning stages.

I'm hearing that because I already own a home, the next property I buy will be an investment property, and will be subjected to a 10%+ down payment, and interest rates close to 10%

any input on this stuff.

Eagerly yours. Mirt. cool smile

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