You do NOT need 20% down for investment properties #investmentproperty #rentalproperty #airbnb

Jorge Contreras | Airbnb Arbitrage Dec 23, 20220m 50s352 viewsScore 80
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Summary

AI-generated

According to Jorge Contreras, you don't need 20% down to buy investment properties. You can use owner-occupied loans with lower down payments (3.5% with FHA loans or 5% with conventional loans) if you live in the property and rent out other bedrooms or split a portion of the home. It's illegal to immediately rent out the entire property after obtaining owner-occupied financing.

Key insights

  • Putting smaller down payments on multiple properties can be more beneficial than putting a large down payment on a single property.

Mistakes to avoid

  • Don't use owner-occupied financing and immediately rent out the entire property; this is illegal.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial