Primary Residence Vs Investment Property

But you also need to save the stamp duty for the property and you need to be able to afford to pay your legal fees and all the other costs that come with owning your own investment property and purchasing your property. So you need to save a minimum of a 5% deposit for residential property or a minimum of a 10% deposit if it’s a construction loan which means that you are actually building the.Two options, FHA 203(k) and Fannie Mae HomeStyle loans, let you borrow money to buy a home and fix it up. It can’t pay for fixing up a vacation home or investment property. The home may be a single.

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