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Updated almost 7 years ago on . Most recent reply

User Stats

64
Posts
4
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Manoj N.
  • Louisville, CO
4
Votes |
64
Posts

First multi-family purchase Denver area

Manoj N.
  • Louisville, CO
Posted

I have been following BP for the past two years and have hugely benefited from this collective knowledge. I currently own two rental SFRs in Louisville, CO area - both doing well. I am thinking about upping the game and buying my first multi-family home later this year, probably in fall. The main reason is that when I run numbers, multi-family homes come far better than single family homes.  Couple of questions. 1) Denver-Boulder region is way to expensive for me. Is there any place <2 hours from Denver where I can find sub 500K 4-plexes ? 2) How much down payment is required by lenders for this? Usual 25-30% ?  I can put together about 100K for down payment 3) I have currently 3 mortgages, including that of my primary home.   Getting more will be difficult ?

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