How much down payment one needs to buy an investment property?

/How much down payment one needs to buy an investment property?

How much down payment one needs to buy an investment property?

It depends on the property value and how much banks want to lend you. In general, residential investment properties can be bought for as little as 20 percent down, as long as banks qualify you based on income and your debt to equity ratio. For vacant land, you are looking at full cash down. If you are buying a business for sale, you may be required to pay 35% to 40% down payment. Plus, you can be asked to pay your own cash towards the goodwill money. We work with lenders who might also fund 50% of goodwill money, based on the type of business, cash-flow and other financial analysis.

By | 2017-09-28T13:20:07+00:00 February 27th, 2015|0 Comments

About the Author:

Amit Kalia
Amit is a full time local REALTOR® since 2003. Currently he is with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. He is supported by a very strong Sales and Marketing team. Together with his team, Amit has been serving property sellers, first time buyers, real estate investors, landlords, renters, new immigrants to Canada and non-residents. Amit and his team specialize in Square One condos and also work in many other Mississauga neighbourhoods. Team Amit Kalia offers a 30 Days Sold Guarantee to Sellers. Amit's team also provides exclusive A La Carte property management services for their investor clients and landlords.