How much of my net worth should I allocate to a down payment for a rental property?
Currently have $100k in equities fully invested, $124k in 90 day treasury bills, and $18,000 emergency fund sitting in Vanguard VMFXX settlement fund for liquidity.
Mortgage rates I'm being giving are 6.4% for $300,000 VA Loan with 0% Down but monthly payment is considerably higher with no equity in the house. I'm stuck between a rock and a hard place. Should i take the 0% down, higher monthly payment, and invest the cash or put 20% down to reduce my monthly obligation?
Currently have $100k in equities fully invested, $124k in 90 day treasury bills, and $18,000 emergency fund sitting in Vanguard VMFXX settlement fund for liquidity.
Mortgage rates I'm being giving are 6.4% for $300,000 VA Loan with 0% Down but monthly payment is considerably higher with no equity in the house. I'm stuck between a rock and a hard place. Should i take the 0% down, higher monthly payment, and invest the cash or put 20% down to reduce my monthly obligation?
Statistics: Posted by playboy_number9 — Wed Mar 13, 2024 4:55 am — Replies 11 — Views 672