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10% down on investment property

Started by basicinformation
about 13 years ago
Posts: 82
Member since: Oct 2008
Discussion about
I am hearing it is impossible to buy a condo in manhattan, as an investment property, with only 10% down. You would need at least 20% (which I find annoying). True ?
Response by crescent22
about 13 years ago
Posts: 953
Member since: Apr 2008

Would you give a loan to someone at a rate only 1% above inflation where if the value of the underlying asset fell 10%, it eats into the loan? where asset values DID fall 15-20% twice in a 20-yr period?

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Response by huntersburg
about 13 years ago
Posts: 11329
Member since: Nov 2010

>(which I find annoying).

Not to mention when the express train shuts its door just as the local opens its door.

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Response by columbiacounty
about 13 years ago
Posts: 12708
Member since: Jan 2009

i thought you were partial to the second avenue bus.

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Response by huntersburg
about 13 years ago
Posts: 11329
Member since: Nov 2010

Nope.

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Response by basicinformation
about 13 years ago
Posts: 82
Member since: Oct 2008

fair enough.

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