My business partner and I just interviewed a guy who invested $ 1,000
down on a duplex in 1992, and he has traded that up one time after another until now he just sold a 130 - unit apartment complex for over $ 11 Million.
Not exact matches
That is to say, supernaturalism to many people means that this cosmos is a kind of
duplex apartment: downstairs the ordinary course of procedure goes
on its customary way, but ever and again from upstairs something comes
down to break up the ordinary procedure
on the main floor.
I know now, in retrospect, that the houses of my childhood — the
duplex down by the Capitol in which we first lived, the place we moved to
on Elizabeth Street, my grandmother's home
on Grand, all the houses of my parents» friends — were simultaneously too hot and too cold.
@Raymond Culbert I used a combined 39k
down payment
on my first two loans, a 1031 for the second loan, VA financing for the
duplex, a refi of my first two properties to buy my second six unit, and credit cards to buy my 5 unit.
25 %
down for the
duplexes and 20 %
down on the townhouses.
Now once you have that property title in your side, then get a home equity
on that and use it for
down payment of the
duplex.
See if you can negotiate the price of the
duplex down to something more reasonable based
on the comp rents.
A loan for a
duplex or a triplex might only require a 5 %
down payment, but it's still a good idea to have up to 20 %
on hand.
Basically I would allow a lien to be placed
on a
duplex I own - with about 90 - 100K in equity, for his security instead of a high
down payment and also be putting in my real estate agent commission (about $ 20K) towards a
down.