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Updated almost 7 years ago on . Most recent reply
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Does this make sense 6-7% cap , if you have money for downtown.
Hi there , I owm couple units here in CT but single door . I looking for multifamily 8+ and I find some good location , good rent , good school condition , kind great .
But this cap rate is 6-7% -
Those 2 property’s is
1. 1.4 milion 6% cap
2 2.1 milion 7% cap
What you would do if you have 30% down does bank will work whit this numbers , or do you guys this it’s smart put down 400-500k
Does this make sense to put all those money there , does this work this way , I am confused when I am look the deal I love it . Almost never vacant,litly repair ,
Sorry for Bad English .