If i can save 10k a month and i want to invest in rental property is it better to get morgage or save buy cash

Question

how much should i put down payment, how long to get the highest gain?

Answer 1

Personally, I would save and buy with cash, especially if the property is less than 200K.  If you are going to get a mortgage, you are better off putting at least 20% down so you avoid having to pay PMI.  Then pay the mortgage off as quickly as possible.

Answer 2

Try to buy with cash to avoid taxation and PMI problems.