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Updated almost 10 years ago on . Most recent reply
Rule of thumb acquisition costs
I'm using a spreadsheet from CCIM to evaluate my potential purchase. It's looking for input on acquisition cost, specifically the cost of a loan from the lender and also the cost to acquire the property.
I'm looking at sub $300k 6-10 unit properties in Michigan. As a rule of thumb what percent can I expect to plan on for these two costs.