Money Down
I plan on buying my first investment property very soon. I have a HELOC, but should I use it? I am debating wether I should do 5%, 10%, 20% or even 0 down on these properties. Other than the obvious reasons (cash flow, etc.) why should you put more or less money down on an investment property?
Well more money down will reduce yuor monthly expenses but you earn no interest on the money you put down. Leverage is controlling a large asset with a small asset and if you put less down, you can get more properties and hence build a bigger net worth faster.
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