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Updated over 7 years ago,
multi family and investment requirements
hello I'm interested in multi family buildings I am at the very beginning stages but I have some concerns when it comes to getting the loans from banks.
if I were to save up the down payment on a 1,000,000$ building (16 units, 4.5) 20-25%. would I also need assets in the amount of 200-250k for the bank to approve the loan?
thank you !