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How Much Down Payment for a Investment Property [Real Estate Facts] 🏡 

Tiffany Thomas, Your Wealth Mentor
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How Much Down Payment for an Investment Property [Real Estate Facts]
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Tiffany Thomas, your wealth mentor helps you achieve financial freedom at a young age so you can live your dream life.
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DISCLAIMER: I am not a financial advisor/planner or broker/dealer. I am not liable for the information you decide to use. Content is for informational purposes only and should not be considered as personal financial advice. There is no guarantee that you will earn any money using the techniques and ideas mentioned. Your level of success in attaining the results claimed in this video will require hard-work, experience, and knowledge. We have taken reasonable steps to ensure that the information on this video is accurate, but we cannot represent that the website(s) mentioned in this video are free from errors. You expressly agree not to rely upon any information contained in this video.
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1 апр 2019

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Комментарии : 49   
@WealthyTiffany
@WealthyTiffany 5 лет назад
Comment below 'freedom' if you're ready for financial freedom! And get my #1 Recommendation to achieve financial freedom, CLICK HERE ➜ ➜ ➜ bit.ly/2zs0LLc
@unsponsoredunboxing1142
@unsponsoredunboxing1142 4 года назад
Great video, short and to the point how it should be. 👍🏻👍🏻👍🏻 keep making content. you are awesome
@WealthyTiffany
@WealthyTiffany 4 года назад
Thank you so much @UnsponsoredUnboxing 😊
@djombock
@djombock Год назад
What if you buy a quad plex and all units are currently rented out and you can’t move in?
@WealthyTiffany
@WealthyTiffany Год назад
Then you’d pay 20% down
@djombock
@djombock Год назад
@@WealthyTiffany boooooo.
@djombock
@djombock Год назад
@@WealthyTiffany would I be able to put a trailer on the property until one of the tenants moved?
@WealthyTiffany
@WealthyTiffany Год назад
@@djombock You mean to live in? You'd have to check with county/city ordinances.
@ImagineThat347
@ImagineThat347 Год назад
Freedom
@WealthyTiffany
@WealthyTiffany Год назад
🎉🎉
@loraoco324
@loraoco324 3 года назад
Soo what happens after the year? Would I need to change anything in order to move out? Thanks for the informative video btw ☺️
@WealthyTiffany
@WealthyTiffany 3 года назад
You would only need to change your insurance coverage since you wouldn’t need to insure all of your belongings since you’d be moving all of your stuff out. 😊 You’re welcome!
@norinori6976
@norinori6976 3 года назад
what if I have a property I currently live in and want to buy a second but let's say I will use this second one as my primary and the old property use it as a rental, will the bank still require that i put 20% down?
@WealthyTiffany
@WealthyTiffany 3 года назад
Hi Nori Nori! If you're moving into the property, they won't require you to have 20% down. 😊
@nicolasomez2162
@nicolasomez2162 3 года назад
What if you aren’t renting it but selling it after putting in repairs? Would it still be a 20% down payment ?
@WealthyTiffany
@WealthyTiffany 3 года назад
Hi nicolas, if you are planning to live in it while doing repairs, it wouldn't need to be 20% down.
@raymondhinds3199
@raymondhinds3199 3 года назад
FREEDOM!!!!
@WealthyTiffany
@WealthyTiffany 3 года назад
🎉🎉
@zacharysmola8032
@zacharysmola8032 3 года назад
For a rental property that I buy can I write off the down payment as a business expense?
@WealthyTiffany
@WealthyTiffany 3 года назад
Good question Zachary! Unfortunately, you can't deduct the downpayment for your rental purchase up front, but you can depreciate the cost of your property over time, which would include your down payment.
@cristopherguzman5825
@cristopherguzman5825 2 года назад
What kind of loan was the one you used for the property you moved into? How much down did you have to put down on the property you moved into?
@WealthyTiffany
@WealthyTiffany 2 года назад
A conventional 30 year, I put down 5%, but I think I could have put down 3%.
@MarcelM1996
@MarcelM1996 2 года назад
Do you need an LLC to start investing in rental property?
@WealthyTiffany
@WealthyTiffany 2 года назад
No, you don't. :)
@ravenzerosix
@ravenzerosix 2 года назад
What mortgage company offers 20% downpayment? I have tried 3 companies and they require me to put 25% on an investment property.
@WealthyTiffany
@WealthyTiffany 2 года назад
That’s interesting. The ones I’ve checked with in Utah offer 20%, I know Citywide is one.
@Davion_savant
@Davion_savant Год назад
Hi Tiffany, I am trying to purchase my first house I am in south Florida , and the only somewhat achievable home areas are more north so I probably won’t be able to qualify for a first time home buyer’s program or benefits, so i am wondering is there a way that I can make getting a house further north in Florida while utilizing a investment property loan or assistance program to make purchasing a residency for me a reality?
@WealthyTiffany
@WealthyTiffany Год назад
Hi Davion! That's awesome you want to get a property. If you are buying an investment property first, I don't really know of any assistance programs. There are lenders that work with real estate investors though. Once you do get the investment property, you could count that cash flow toward your income in qualifying for your own property. I'm not sure if I understood your question correctly, but hope that somewhat helps.
@Davion_savant
@Davion_savant Год назад
@@WealthyTiffany thank you, you’re great ; I am at the point where I gotta study more and also find a creative house purchasing advisor to assist me at this point .
@unboundnevada9908
@unboundnevada9908 Год назад
Can I live on the rental property while still renting it to someone while also getting the 5 % payment down?
@WealthyTiffany
@WealthyTiffany Год назад
Yes.
@Mustangb0y
@Mustangb0y 2 года назад
I’m single like you living in Cali looking forward talking and seeing you 😉
@WealthyTiffany
@WealthyTiffany 2 года назад
😁
@acton7150
@acton7150 Год назад
Lol
@amauryplasencia5723
@amauryplasencia5723 4 года назад
Free
@WealthyTiffany
@WealthyTiffany 4 года назад
🎉🎉
@gusbrahfernandez4125
@gusbrahfernandez4125 3 года назад
I need 460 to buy my first 4plex. Could I use the 4plex as a down payment?
@WealthyTiffany
@WealthyTiffany 3 года назад
I'm not sure what you mean...
@gusbrahfernandez4125
@gusbrahfernandez4125 3 года назад
@@WealthyTiffany sorry I meant, could I use the place I’m buying as collateral?
@WealthyTiffany
@WealthyTiffany 3 года назад
@@gusbrahfernandez4125 I see. No, since it's the place you are buying that you need a down payment for you can't use it as collateral. If you already had another place then there would be options (like using a line of credit, refinancing, etc) to help you come up with the down payment.
@CreativeSoul333
@CreativeSoul333 3 года назад
FREEDOM!!! And I'm not that young: I am 44 years old...LOL!
@WealthyTiffany
@WealthyTiffany 3 года назад
🎉🎉 Haha, 44 is still young!
@silvermediastudio
@silvermediastudio 2 года назад
The whole idea that you "need PMI on a property that you're not living in" makes no sense. And nobody has ever explained to me the actual numbers and analysis behind it.
@WealthyTiffany
@WealthyTiffany 2 года назад
Hi 800lb Gorilla! You don't need PMI on a property you're not living in, you actually aren't allowed to have PMI on a rental, you'd need to put 20% down which means no PMI. :)
@silvermediastudio
@silvermediastudio 2 года назад
@@WealthyTiffany Yes you've clarified "the rule" while proving my point by not providing any support or rationale that's behind it.
@gaylanwright2317
@gaylanwright2317 5 лет назад
Freedom
@WealthyTiffany
@WealthyTiffany 5 лет назад
🙌🙌
@Saint1James
@Saint1James 3 года назад
Freedom
@WealthyTiffany
@WealthyTiffany 3 года назад
🎉🎉
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