What are the downpayment guidelines when buying a multi-unit investment property?
August 9th, 2010
Is it different from a primary home? I am interested in an apartment building to purchase as an investment. What are the guidelines for downpayments on an investment property. Is it the same as a primary home? I have heard that it is not the 10-20% minimal downpayment because if all/most of your units are occupied, this is taken into consideration. Websites are appreciated too. Thanks for your help.
My Related Websites
- UK Property Investment – Huge Capital Growth on Realestate …
- Safety Tips before You Move to Dominican Republic (investment …
- Contemplating Buying Manila Real Estate Inside Alabang? (selling …
- Why Lenders Want for Down Payments on Auto Loans
- Are Down Payments Required For Bad Credit Car Loans? | Student Car …
- Investment Properties ? Do They Pay Off? | Real Estate Realtors 411
- Colanth: I Found The Hosts File, But I Don't Know How To Open It …
- Accusations of Hispanics Not Getting Down Payments Back When Loan …
- sonyalpharumors | Home
- Home Loan Calculator – Get A Home Loan Calculator Online Before …
- If I buy a investment property and then refinance it. will my …
- Low Down Payment Mortgage Programs – FHA Down Payments
- Attractive Investment Opportunities For Investors In Turkey …
- Bascom Closes a $7900000 Distressed Lender Foreclosure Apartment …
- Buying Investment Property – Useful Tips For a Novice Investor …
- Typical Down Payment Requirements | Atlanta Real Estate Purchases …
- I have Blackberry 8110 Pearl, can anyone help me unlock it? is it …
- The Return of the $1000 Down Mortgage « The Washington Independent
- Bad Credit Car Loans – Interest Rates and Down Payments Discussed
- Down-payments | Lotro Quests – The Lord of the Rings Online Quests …
Mail this post
Posted in Online Stock Investment | 
Tags: apartment, downpayment, downpayments, investment property, thanks for your help
It’d depend on how much the bank was afraid they’d end up owning it. 20% might do, in good times. If you have good assetts or cash flow to assure them, it’d help.
Try looking at loopnet,com – It’s a commercial real estate web site, well organised for searching. You could get some idea of what terms are being offered "by owner".
There are some areas where a bank would practically give you a small apartment building- Detroit, for example.
If you know what else is available, it’ll help negotiating with the seller – talk about the other places you are looking at, and excellent terms available. Never act like you want to buy what they’re selling. More like " well, this might do, if it’s a real good deal"
Yes it different, usually the lender requires 20% down payment and they only take 80% or the rental history into consideration for re-payment of the loan.