First Investment Property
Hello everyone! I am looking to buy my first investment property. Like a duplex. I know i could get financing for something like this, but I was thinking that maybe I would start to look at multiple unit properties such as an 8-plex. I don't have much to put down for something of that nature and i was wondering if anybody knows if a bank will lend larger amounts of money for something like this with little down. Or I am looking for another way to arrange financing before I really look at any of these types of properties. If anybody has any information as to what type of loans I could or could not get. Please let me know.
Thanks,
Jace
Anything above 4 units is considered commercial which conventional lenders will want more down. This is where you want to look at partners and or owner financing.
GL
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***FORUM RULES #2 VIOLATION***[ Edited by rajwarrior on Date 09/04/2004 ]