How to Buy Your First Rental Property

How to Buy Your First Rental Property
Buying your first rental property can be done with a really small down payment.
If you don't already own a home or haven’t owned interest in a home over the last 3 years, you can buy a primary residence and put as little as 3% down.
Here’s the catch, you have to live in that property for one full year.
After that, you will be eligible to buy a new primary home. At that time, your required down payment would be anywhere from 3.5% to 20% depending on what loan program you select.
That first house you bought can now be rented out. Now you own two properties and can start building wealth with passive income.
Any one of our trusted mortgage advisors look forward to helping you manage this good debt and look forward to answering any questions you have.
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