Financing a 5 Unit Apartment Building
Hi All
Hope things are well.
I am interested in purchasing a 5 unit building. Price circa $260 with 25% down. It cash flows positively, I have strong credit and have previously managed rentals (single family) and currently own a duplex.
Could you please share what the "closing" costs would be on this property- ball park - how are they calculated on a commercial property? Ultimately, I'm trying to calculate the total out of pocket costs I can expect to shell out.
Thanks!