Lenders typically require a 20-25% down payment for investment properties, as they carry higher risk than primary residences.
Before looking at properties, ensure your financial house is in order and your investment goals are defined. buying first rental property
Monthly rent should ideally be at least 1% of the purchase price [16]. Lenders typically require a 20-25% down payment for
Calculate the Net Operating Income divided by the purchase price to understand the property's efficiency in generating income [5, 15]. 📍 Phase 2: Market Selection and Property Search buying first rental property