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Updated over 6 years ago on . Most recent reply

User Stats

25
Posts
5
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Conor Meehan
  • Real Estate Agent
  • Berkshire County MA
5
Votes |
25
Posts

4 family deal - is 25% down worth it?

Conor Meehan
  • Real Estate Agent
  • Berkshire County MA
Posted

I'm looking at a 4-plex listed at 190k that earns $2600 monthly rent (a little below market rates, but still enough to cash flow nicely - about $200/door).  The property is in good shape with many recent rehabs - new roof, new boilers - and it's fully rented with very long term tenants who pay all their own utilities.  

My dilemma is having to put 25% down, which would be about a 50k cash basis.  This is a big chunk of cash to put in for my girlfriend and I who are just getting started (this would be our second property).  Does this deal seem worth it?  

Thanks for any thoughts and advice.  

  • Conor Meehan
  • Loading replies...