Well, the short answer is it depends.
I don't know how much cash you have on hand, but if you are planning on getting multiple properties your cash reserves are finite, so you have to use them wisely.
Some of the best deals are going to be on properties in disrepair that would require cash investment. Construction loans, that are not FHA based (namely 203K), are not as trivial and easy to get as are mortgages. So if you use up your cash for the down-payment you find yourself excluded from cash only deals down the line.
It is true that a larger down-payment will save you on interest, but you may be able to make up that difference with some other smart investments that would simply cost less and have a better return on investment down the line.
If you like I'd be glad to meet with you for a free non-obligatory consultation. Let me know.
CDPE (Certified Distressed Property Expert)
SFR (Short-Sale Specialist Certified)
CHBA (Certified Home Buyer Advisor from NAEA)
CSBA (Certified Home Seller Advisor from NAEA)
NAEA Member (National Association of Expert Advisors)
Residential Real Estate Expert Adviser
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE Ext 101
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