Financing Your Miami Investment Property
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Financing Your Miami Investment Property
An important Miami Real Estate investment tip: If you don't have 25% to put down, you may be in the red on your Miami investment property for the first few years. If the bank knows that this is an investment property and not owner occupied, they will often require 25% down or you will take a hit on the interest rate.
In many cases a single family home will be easier to finance as an investment property than a condo. This is because the lender is more sure of the home's intrinsic value whereas a condo unit may be more risky. Be prepared with a hefty down payment and your Miami investment property will yield a positive cash flow and a great return on your investment.
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