Multi-Family and Apartment Investing

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Kevin Olson
  • Rental Property Investor
  • Lady Lake, FL
5
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23
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Multi Family Unit Down Payment

Kevin Olson
  • Rental Property Investor
  • Lady Lake, FL
Posted Aug 27 2019, 12:37

I came across a 4 unit property listed at 189,000. It’s under contract but I saw a 7 unit for 555,000. The cap rate is 8.17. What amount down would you say should be ok? I know it’s commercial and banks look at the Rental income. I like this property and want it. What should I do this is my first purchase.

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