SDE – The 2000 price for this complex was about 200k. If it even came down to 280-300k, I’d probably do it and I think when the dust settles, it may go that low.
I know almost everyone still uses the 20% down when evaluating rents. But I’d speculate that over the past 9 years, very few purchases were made w/20% down. Yet we still use that value. I think that value was good to use b/c historically that’s what people did, was put 20% down. But I think nowadays that is archaic, IMO. But I understand that is the formula. I just think it should be updated to reality.
