There will always be costs when completing any type of RE financing.

Finally, anything left over (where we are in our finances), we put 50% into index funds (e.g.

@Jessica Morrisonwould need way more info... you haven't provided geographic location / area, numbers, strategy, financing info...what does your agent think?

5% down conventional financing is probably your best option but you can consider FHA as well.

Hey i was wondering if anyone knew any dscr lenders that would be willing to take the 2nd position on a loan, i have a property in Oakland california where the seller is willing to finance 85% of the purchase price at 5% interest, The asking is almost 4.6 million on an 18 unit apartment, i dont have the down payment for the remaining 15% which would be 689,250. the seller is willing to come down on the price and at market the apartment brings in 41,255 per month, tenants pay thier own expenses. i tried calling a couple of lenders but they said they wouldnt take the 2nd position or would only finance until 90%.

Most "cash" buyers use financing anyway so I would look to team with a HML.

If you ever need help on strategizing your business model or consultation on how to secure financing on these types of deals I would be more than happy to assist when the time it right for you. 

The business model I like today regarding multifamily 10 units plus is that with the type of long term, fixed rate financing now available in the commercial space buying and holding for a steady income is a sound choice.

Class A - you won't cashflow putting down 20% and financing the rest, for at least 3-5 yearsClass B - you may cashflow putting down 20%, definitely within 1-2 yearsClass C - don't buy it if it doesn't cashflow from day one! 

Could have been done better How did you finance this deal?