boatboy
12-11-2007, 11:59 AM
I am very young and getting into investment real estate here in the next 6 months. I want to take a long-term approach when it comes to investing and I want to know the best way to leverage properties.
Should I always try to put as little down as possible and just let the rentees take care of of the mortgage? (i only want to invest in something with a + cash flow) Also, I can bank on appreciation throughout the years.
Is there a reason why I would ever want to put any money down?
I understand that in this market it will be hard to get 100% financing, however, I've heard that if I buy a 6unit place (or larger), and a lender see's that it will create a + cah flow, than they will 100% finance. Would this be the best move for me to start?
Should I always try to put as little down as possible and just let the rentees take care of of the mortgage? (i only want to invest in something with a + cash flow) Also, I can bank on appreciation throughout the years.
Is there a reason why I would ever want to put any money down?
I understand that in this market it will be hard to get 100% financing, however, I've heard that if I buy a 6unit place (or larger), and a lender see's that it will create a + cah flow, than they will 100% finance. Would this be the best move for me to start?