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- Jul 24, 2007
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It typically takes a down payment of 20-30% for most of the decent loan programs. You can purchase a property for anywhere from 20-100K per unit depending on the location.
A fifty unit building at $45K each would be $2,250,000. 20% of this is $450K. You would need some closing cost money and liquidity as well.
Of course you could always jump into partnerships with others. There are groups that allow investement into deals of all different sizes. This way you can get into 100+ unit sized properties.
A fifty unit building at $45K each would be $2,250,000. 20% of this is $450K. You would need some closing cost money and liquidity as well.
Of course you could always jump into partnerships with others. There are groups that allow investement into deals of all different sizes. This way you can get into 100+ unit sized properties.