Posted by Scott M. on March 17, 2001 at 17:45:32:
If you’re buying 2 two-family houses, one for $250,000 and a second for $175,000, I’m wondering if you get tenants for all four units, will you still have enough cash flow to cover loans that large? I suppose it depend on the area and what rents you can get but that is what I’d be looking into.
I know I’m presuming. More numbers might help fill in the gaps. It just seems to me that your first issue may be cash flow and not down payment. Forgive me if you’ve already worked this part out. I may be just jumping the gun.
Best of Luck.