Quote:
Originally Posted by SuckOnThis
No way do you invest in real estate or you would know right off the bat no one is going to give a loan on investment property with less than 20% down because investment property will not qualify for PMI. You're full of shit.
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Relax dumbass, I'm just trying to use simple numbers so Tommy can wrap his brain around the power of leverage. I would never myself or advice anyone to put down 10% on a property. Every single property I've bought i put down was 25-35%. But you could have up until last year through Fannie Mae's homepath mortgage..I believe you could have mortgaged up to 10 properties with 10% down. Personally I wouldn't but I know of people who did.