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Updated about 4 years ago on . Most recent reply

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79
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Allen Berrebbi
10
Votes |
79
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Low downpayment possible?

Allen Berrebbi
Posted

I am looking into purchasing a larger multiplex (more than 4) and was wondering if a low downpayment is even possible. Same with a commercial property, both Tampa. You hear all these very low money down/zero down stories in podcasts but was wondering if that is even realisitc.

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439
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Sarah Brown
  • Real Estate Agent
  • Nampa, ID
359
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439
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Sarah Brown
  • Real Estate Agent
  • Nampa, ID
Replied

5+ unit complexes are going to be commercial, which means you can't do FHA or a standard conventional loan. You will need to do a commercial loan. This requires 25% down generally. If you want less, I would encourage you to look at private financing or owner carry.

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