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Updated over 5 years ago,
Multi Family Unit Down Payment
I came across a 4 unit property listed at 189,000. It’s under contract but I saw a 7 unit for 555,000. The cap rate is 8.17. What amount down would you say should be ok? I know it’s commercial and banks look at the Rental income. I like this property and want it. What should I do this is my first purchase.