Has downpayment on Commerical always been 70% ish??

[Diane G.]

I have been looking into small MFH, like 5-6 units....But everywhere I looked (in Bay Area and LA), downpayment needs to be 70% ish for the property to cash flow... My one friend bought a C- MFH for $2.4M in Phoenix and he had to put 45% down to cash flow....

Is this how things already are? why do some guru on BP keep saying 25% downpayment?  Where and when was that?   Lol

[Arlen Chou]

@Diane G. I don't consider myself a guru, but last time for me was February 2016: 6 plex (all 1/1) in the Fruitvale district of Oakland, 10 min walk to BART.  Purchase price was $678k rents at time of purchase a little above $6000.  No down payment... 100% leveraged.  It cash flows like a king! 

The secret is in the financing...  In this market you have to have a tight relationship with your financial institution and your documentation has to be rock solid and you got to be creative like a wizard.