General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Borrow More than Cost of Apartment?
I will soon buy my first building, a 14 unit apartment. US Bank has offered to loan me $300,000 more than my cost of the building. The $300,000 is for capital expenditures. Problem is, I don't know if I need that much for capital expenditures. Should I still accept the loan with the extra $300,000?