Your question is really two-fold: first, how much do you have to put down in order to make the mortgage low enough so you have a positive cash flow and second, how much would you have to put down in order to get bank approval for a loan on such a property. First, each property would have to evaluated separately according to what the mortgage is and how much rental income is typical in that particular area for that type of building. Also, if you bought a 2 family house and lived in it as your primary residence, the bank would consider the rent if the current owner has it rented with a lease. Second, you would have to put down enough plus the appraisal would have to come in right in order for banks now to offer a commercial or business loan. Good luck. If I can assist you, please contact me.
Certified Buyer Representative
Century 21 Princeton Properties