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Updated over 6 years ago,
Large Multi-Unit property financing
I have owned rentals and flipped a few houses, but when it comes to large multi-unit properties I have zero experience. What should I expect the process to be like if I were to buy a multi-unit property for example at $500K? Would 20% down be sufficient? If I used $100K from the equity in my home, is that allowed? How long does it normally take to close? I have also heard that it is possible to get financing to reimburse the down payment, is that true?
Thank you!
Joe