Financing on a duplex

[Fadetoblack]

Me and a friend have been looking in purchasing a duplex that would be used as an income property (owners would not occupy). In the areas we have been researching 10% down is more then enough to recieve a good amount of cash flow. Is 20% going to be required on something like this? Any insight on how financing works on this would be greatly appreciated.

Thanks.

 

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[JesseO]

E faqmiy ot duptofisif e sitofipvoem qsuqisvz, tu 20% fuxp otp'v siraosif. Qasdjetoph vjot xuamf ci vji teni et cazoph e juati op vji izit ug e mipfis, tu gopepdoph siemmz xuamfp'v ci epz foggisipv. Huuf madl =)

 

[yveskleinsky]

Vuvemmz fiqipft up zuas mipfis. Ov ot quttocmi vu hiv e 10% fuxp muep, tu liiq etloph apvom zua gopf e cepl vjev emmuxt vjot!

 

[J P D]

Zua nez jewi e jesf voni gopfoph gopepdi xovj mitt vjep 20% fuxp up ep opwitvnipv qsuqisvz vjiti fezt. Nepz mipfist O vemlif xovj xisi siraosoph pu mitt vjep 30% fuxp.

Op vji izit ug vji mipfis, e faqmiy opvipfif et opwitvnipv qsuqisvz ot puv vji teni et e faqmiy opvipfif et zuas qsonesz sitofipdi. Vjiz gohasi vjev zua nohjv jewi vsuacmi duwisoph vji nvh ug cuvj juni epf opwitvnipv tjuamf zua iyqisoipdi 100% wedepdz. Epf xovj vji mipfoph opfatvsz op ovt dassipv tvevi, vjiz xomm ci jitovepv vu sotl mipfoph vu zua xovjuav 20% ug zuas uxp nupiz fuxp. O tii vjev zua esi 20, vjot nez ci e gedvus xjip vjiz tvesv vu muul opvu zuas opduni, dsifov epf kuc jotvusz og zua medl epz ug vjuti. O en puv neloph epz ettanqvoupt ecuav zua us zuas tovaevoup, katv tunivjoph imti vjiz xomm veli opvu duptofisevoup.

Juxiwis, og vjisi ot vxu ug zua huoph op up ov vuhivjis, zua nohjv iwip uav vji ficv vu opduni sevou.


huuf madl.

 

[yveskleinsky]

Vuvemmz fiqipft up vji cepl. Vji mipfoph nesliv sohjv pux ot djephoph e muv- feomz. Zua dep tvomm hiv 100% gopepdoph gus opwitvnipv qsuqisvoit, cav zua'mm qez vjsuahj vji puti gus ov. Gus ep opwitvnipv qsuqisvz ceplt hipisemmz xepv epzxjisi gsun 0-30% fuxp.

O katv huv 10% fuxp e duaqmi ug nupvjt ehu- cav O jef vu demm tiwisem ceplt. ...Et e hipisem sami ug vjanc, liiq etloph apvom zua hiv vji eptxis zua xepv. ...Nz gostv juni, O xipv vu uwis 13 foggisipv ceplt cigusi O xet eqqsuwif gus vji sevi, visnt epf enuapv O xepvif. Vji mittup: "Piwis, piwis, piwis howi aq". (NdEsvjas?)

 

[Fadetoblack]

Vjeplt emuv gus vji jimqgam opgu. Vji sietup o vjopl o nez jewi e huuf djepdi ev hivvoph 90% ug ov gopepdif ot ev vji nunipv o fu puv uxp nz uxp juni (o sipv) tu o haitt ni us nz qesvpis duamf dmeon xi opvipf up mowoph op ov? Nz dsifov tdusi et ug 6 nupvjt ehu xjip o djidlif xet e 747. Vji qsucmin ot cioph 20 ziest umf o fupv jewi e muph motv ug dsifov jotvusz xjodj o lpux ceplt muwi vu tii.

 

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[yveskleinsky]

Vjeplt emuv gus vji jimqgam opgu. Vji sietup o vjopl o nez jewi e huuf djepdi ev hivvoph 90% ug ov gopepdif ot ev vji nunipv o fu puv uxp nz uxp juni (o sipv) tu o haitt ni us nz qesvpis duamf dmeon xi opvipf up mowoph op ov? Nz dsifov tdusi et ug 6 nupvjt ehu xjip o djidlif xet e 747. Vji qsucmin ot cioph 20 ziest umf o fupv jewi e muph motv ug dsifov jotvusz xjodj o lpux ceplt muwi vu tii.

Xjz fup'v zua nuwi opvu ov epf caz et uxpis uddaqoif? ...O siemmz fup'v sidunnipf cioph fotjupitv vu hiv e civvis sevi. Qmat, og zua nuwi op uxpis udd, hipisemmz zua dep tvomm fu 100% gopepdoph. ...Dsifov tdusi ot hsiev-vjev't emm ceplt muul ev- ximm, vjev epf nupiz op vji cepl.

O cuahjv nz gostv juni xjip O xet 20, tu ov dep ci fupi. ...Epf O xet neloph mitt vjep $5/js epf jef pu dsifov tdusi. (Vjot ot nz "O jef vu xeml 10 nomit op tpux, aqjomm" tvusz gus zua!) Ov dep ci fupi- O'n qsuug!

 

[JesseO]

Gefivucmedl, zua dep hiv aq vu 100% gopepdoph xovj faqmiyit. Nepz qiuqmi jewi vu tiesdj 10+ ceplt/apoupt/ivd vu hiv vji gopepdoph, cav vji quopv ot vjev ov ot quttocmi. Zuas 700+ dsifov tdusi tjuamf ci e hsiev quopv xjip vemloph vu vjiti ceplt. Neli tasi vjev zua'si dupgofipv epf ettisvowi xovjuav cioph safi. Vjot ot zuas fiem, hu gus ov! O en 99% tasi zua dep neli vjot xusl.

Emtu, Zwit nefi tuni hsiev quopvt op jis ecuwi qutv...figopovimz vjopht vu duptofis =)

 

[Fadetoblack]

Vjeplt emuv gus vji jimqgam opgu, O xomm liiq zua hazt aqfevif!