That's when he tells me about the guy he is using and that he helped his buddy close on a rental in the Avenues with a smaller down payment percentage than I thought possible for an investment property.

(Percentages can be negotiated).

Not to mention you can negotiate a lower percentage as you provide more business.

But....since it was a rental First, when you sell the gain will be prorated directly for the time you lived in it verses the time it was a rental.....you will be exempt for the percentage of time you lived in it and you will pay cap gains tax (and depreciation recapture) for the percentage of time it was a rental..Example:Rental for 4 years...owner occupied for 2 years=2/3 of your cap gain will be taxable, 1/3 exempt.

You expense percentages seem to be in the right ballpark, and while I would like to see a higher cash flow (I try to shoot for $150 per unit/month), you are certainly there in terms of Cash on Cash Return.

What exactly does the CAP Percentage mean?

What does the 15 vs the 30 equate to over those years in actual dollars...not percentages.

If you look at our top employers based on percentage, revenue, number of employees.. oil and gas aren't what drives our economy.

They charge 75% for a sale within the 1st year and the percentage reduces as time goes by.

Questions:What is the percentage, normally used, for the non-refundable down payment?