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Updated almost 14 years ago on . Most recent reply

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Mel Rosario
  • Real Estate Investor
  • rancho cucamonga, CA
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what is percentage dp on 5+ multi/apt in CA

Mel Rosario
  • Real Estate Investor
  • rancho cucamonga, CA
Posted

I have about 150-175k for a downpayment on a multiplex. I like to buy in the 1.5-2.0 million range but feel that my downpayment is not enough. On avg is cash flow bigger on lgr buildings? Does anyone have any sugestiins how i can purchase a building like this with this amount and finance the rest rather than tking out helocs or refi

Or should i just use this ant for a 500-600k smaller multiples with less cashflow

Sorry typing from a tablet

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Jon Klaus
  • Developer
  • Garland, TX
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Jon Klaus
  • Developer
  • Garland, TX
Replied

You probably won't find a bank who will do a commercial loan with just 10% down. More like starting at 25% down. You could find a partner or two to bring more equity capital. Or look for a seller finance deal. Or do a smaller deal, as you suggested.

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