Tips For Saving Up For A Down Payment On A Rental Property
If you want to invest in real estate, you must have money for a down payment. Unlike first-time homebuyers, you will not be able to purchase a rental property for 3.5 percent down. If you want to be given a loan for your investment property, you must have a sizable down payment available. Typically, you need to have at least 20 percent of the purchase price of the home. How can you save up this type of cash? Take Out A Home Equity Loan If you have equity in your primary residence, you might be able to take out a…