Buying a Rental Property

Investing in a rental property can serve as an excellent tool to diversify your portfolio and enhance your financial strategy.

For individuals with a good credit history, a down payment of 20% is necessary. If your credit has incurred some setbacks, the required down payment may be slightly higher. It’s noteworthy that the interest on the loan is eligible for tax deduction, providing a potential financial advantage. In certain geographic locations or for certain property types, a higher down payment may be required.