How should I finance this deal???

[Matt H]

Here's the deal:

I'm buying a 29 unit building for $820,000

I have the first in place at: $620 at 6.5%

I have a second in place for $50k at 6%

I could get another loan for $150k at 16%

If I did it this way it would be a no money down deal. But the net net cash flow would only be $1000 per month after everything.

Or I could put in the $150k and the property would then net: $3300 per month after everything.

What would you do and why?