: Budget for a minimum of 15% to 20% down. Putting down 25% often unlocks significantly better interest rates.
Before browsing listings, you must secure your "bankability". Investment property loans are considered higher risk, so lenders impose stricter requirements than for primary residences. how to buy investment property
: Lenders typically require 6 to 12 months of mortgage payments (PITIA) in liquid reserves to cover potential vacancies or repairs. : Budget for a minimum of 15% to 20% down