As a general rule, if one exists, what % down do banks like to see on a multi-family property?
20% gets a bit steep on $1M+ property.
I’ve got one partner, should we be looking for additional partners to cover the entire finance or just work w/ a bank?
Also, what length of terms should I be looking for? 10 yr, 15, 20, 30? I’ve been told you want a payoff in 10 years, but I’ve heard a lot of stuff also.
Thanks all.