Quote:
Originally Posted by fundmark19
I'm on my 4th house all 5% down still own 2 as rentals and one is my residence. I was going to put more down on first house but since my gameplan was to live in it and move on the more interest you pay the better for your taxes on a rental!
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The old rules made it so easy to own a rental but now you have to put 20% down so pretty much only people with at least $70,000 laying around can now buy a rental.
Kind of sucks as I was hoping to buy another rental.