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The Water Cooler
General Discussion
Should I buy this apartment investment property?
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<blockquote data-quote="Lurkerinthewoods" data-source="post: 2907583" data-attributes="member: 15231"><p>I will have to ask my brother, but I highly doubt a lender is going to go 5% on an apartment building. I'm sure that would work for a duplex because the risk of depreciation and empty unit rental loss would be less in a two unit duplex when comparing to a 5 unit apartment building. </p><p></p><p>But the main point in putting 20% down is to avoid the cost of PMI on the loan. That will run you close to 135.00 a month in wasted money every month that could be used to add to an investment portfolio. </p><p></p><p>Different strokes for different folks.</p></blockquote><p></p>
[QUOTE="Lurkerinthewoods, post: 2907583, member: 15231"] I will have to ask my brother, but I highly doubt a lender is going to go 5% on an apartment building. I'm sure that would work for a duplex because the risk of depreciation and empty unit rental loss would be less in a two unit duplex when comparing to a 5 unit apartment building. But the main point in putting 20% down is to avoid the cost of PMI on the loan. That will run you close to 135.00 a month in wasted money every month that could be used to add to an investment portfolio. Different strokes for different folks. [/QUOTE]
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The Water Cooler
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Should I buy this apartment investment property?
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