What are the downpayment guidelines when buying a multi-unit investment property?
Is it different from a primary home? I am interested in an apartment building to purchase as an investment. What are the guidelines for downpayments on an investment property. Is it the same as a primary home? I have heard that it is not the 10-20% minimal downpayment because if all/most of your units are occupied, this is taken into consideration. Websites are appreciated too. Thanks for your help.
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Answer by M v
Yes it different, usually the lender requires 20% down payment and they only take 80% or the rental history into consideration for re-payment of the loan.
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