I talked to a banker about a week ago. He wants 35% for an investment property.
Now, wait a minute. What about no-money or low-money down startegies?
As far as I know they don’t exist in the spring of 2012 in USA.
Or maybe they do, but I don’t know about them.
Now, the good thing is this.
Have you ever heard about the Law Of Entry?
It states: If the entry to any business or investment is easy, anybody and their dog will be there.
So the good thing is, higher down-payments will weed-out a lot of competitors.
Means more deals for the smartest and strongest.
The Law Of Entry never fails. I’m glad it’s not easy. If it was easy, assets would not have any value:)
Would you like for things in life to be easy or hard?