{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 287. There Is No Such Thing as 20% Down in Multifamily (Here\u2019s the Real Math)","description":"There\u2019s a myth floating around real estate that you can buy a multifamily property with just 20% down. It\u2019s not totally wrong \u2014 but it\u2019s dangerously incomplete. In this episode, I break down what it actually takes to close on a multifamily apartment building in today\u2019s market. We walk through real numbers, real scenarios, and the capital most people forget to account for: closing costs, CapEx, operating reserves, debt service requirements, and why stabilized loans almost never work at 20% down. I also talk candidly about the current market cycle, flat rents, cautious investor capital, and why the math that worked in 2020\u20132021 doesn\u2019t work the same way in 2026. This isn\u2019t meant to scare you away from multifamily \u2014 it\u2019s meant to reset expectations so you don\u2019t blow yourself up early. If you\u2019re serious about buying apartment buildings, raising capital, or underwriting deals realistically, this episode will give you a much clearer picture of what keeps a deal alive long term. If this helped you, share it with someone who still thinks 20% down is the whole story. ","author_name":"Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires","author_url":"http:\/\/smallaxe.libsyn.com\/website","html":"