Skip to content
Multi-Family and Apartment Investing

User Stats

112
Posts
10
Votes
Kyle D.
  • Flipper/Rehabber
  • New Port Richey
10
Votes |
112
Posts

Down payment

Kyle D.
  • Flipper/Rehabber
  • New Port Richey
Posted Dec 24 2014, 21:07

Lets say i want to buy a 100 unit and i can get it for four million. It makes 400k a year after expenses and the rent is low for the market area. I would raise the rents and reduce the unseciary expenses and i'm thinking it could do 500k a year. My only problem is the down payment it would require a 20% down payment which would be $800k. I dont have 800k so what would i do? How would i get the 800k i needed? Would private investers be the way to go? And also can you ask them to take 15% or 10% down?

Loading replies...