Originally Posted by ToriaT
Generally how much is required for a down payment on a rental property. I already own a home with a mortage. I've heard it can be in excess of 20 percent. This is a small property that is inexpensive not a giant complex.
Technically, you can do 20%, but the fees are really expensive. 25% knocks off 1.25% in fees, so it generally makes sense to put that extra 5% down.