How much money to buy commercial multifamily | 5 unit apartment building down payment | multifamily investing SoCal How much do you actually need to buy a 5+ unit multifamily property? 👇 Here's the real breakdown: 💰 Down Payment → 25-30% down minimum → On a $1M property = $250,000-$300,000 down → On a $2M property = $500,000-$600,000 down → Commercial loan — no FHA, no low down options 📊 Net Worth → Lender requires net worth equal to or greater than the loan amount → On a $1M property = $700K+ net worth minimum → This is non-negotiable on commercial deals 🏦 Reserves → 6 months PITI required → Principal, interest, taxes and insurance → Must be in the bank — separate from your down payment → Lender verifies this separately 📋 Closing Costs → Typically 2-4% of purchase price → On a $1M property = $20,000-$40,000 → Factor this in on top of your down payment ✅ Total Cash Needed — $1M Property Example: → Down payment: $250,000-$300,000 → Reserves: ~$30,000-$50,000 → Closing costs:...