Mortgage for investment property
Started by basicinformation
almost 10 years ago
Posts: 82
Member since: Oct 2008
Discussion about
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Hello, I want to buy a condo in Manhattan as an investment property. Since I have rental income from a mortgage-free property abroad (2000$), I want to put down as little a downpayment as possible. The price of the property is below 500k$. I was hoping for no more than 20% down (so a mortgage of max 400k, 30y fixed), is that realistic?