Quote:
Originally Posted by bdjuf
I was speaking with my agent today, and he told me that it will take me 25% down in order to break even every month. Is that reasonable?
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Depends on what price you buy the property at and what you can get people to pay for rent. If you payed 100% of the down payment, you'd not pay any mortgage at all and all the rent money would be profit. Now figure out how much you'd need to charge for rent if you only put a 25% down payment and had to pay x amount mortgage.