Quote:
Originally Posted by DrinkingHARDEST
Fire your agent, he has no idea what he/she is talking about.
I own a bunch of apartment buildings and the most I have ever put down is 15%
DH
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Wouldn't that be highly dependent on the market? I couldn't imagine doing 15% in San Diego. Even 25% would be tough I think.
Fairly decent house is $450k. Take off 15% and you're getting a loan for around $390k. What's the mortgage on that, about $2700-3000? The rent on my place is $1850 monthly, it would sell at around $450k.
Take off 25% and you're still looking at a $300k loan. Mortgage around $2000-2300.
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