Updated almost 7 years ago on . Most recent reply
4 family deal - is 25% down worth it?
I'm looking at a 4-plex listed at 190k that earns $2600 monthly rent (a little below market rates, but still enough to cash flow nicely - about $200/door). The property is in good shape with many recent rehabs - new roof, new boilers - and it's fully rented with very long term tenants who pay all their own utilities.
My dilemma is having to put 25% down, which would be about a 50k cash basis. This is a big chunk of cash to put in for my girlfriend and I who are just getting started (this would be our second property). Does this deal seem worth it?
Thanks for any thoughts and advice.



