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Updated over 6 years ago on . Most recent reply

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555
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David Smith
  • Rental Property Investor
  • NJ/PA
149
Votes |
555
Posts

properties between $1-$2 million

David Smith
  • Rental Property Investor
  • NJ/PA
Posted

seeking mix use or multifamily with stable HIGH rent income per unit in tri-state.  I prefer less units with higher rent  THAN more units with each unit at low rent. 

1. 25-30 % down payment is enough?

2. self manage or pay management company. 

Maybe will just get 4 family with each unit $2500 monthly rent.

Most Popular Reply

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75
Posts
44
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David Walkotten
  • Rental Property Investor
  • Grand Rapids, MI
44
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75
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David Walkotten
  • Rental Property Investor
  • Grand Rapids, MI
Replied
@Ethan Smith once you get over 1MM loan amount you can get better terms. Like 30-year amortization, longer fixed periods, better interest rates. A Fannie/Freddie product. I’d recommend that. Only kicker is net worth > loan amount.

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