Banks DONT Care about 20% Down Cash…
Banks DONT Care about 20% Down Cash…
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The main idea of this chunk of text is that banks are primarily concerned with having a safe investment when it comes to rental properties, and equity is one way to provide that safety. While most people think that putting 20% down is the only way to provide equity, there are other ways to do so without having to put cash down. Banks are willing to work with investors who can provide equity in other ways, as long as the investment is safe. Therefore, it is possible to buy multiple rental properties without putting 20% down, as long as there is equity when presenting the investment to the bank.
The main idea of this chunk of text is that banks are primarily concerned with having a safe investm