Updated almost 5 years ago on . Most recent reply
How to buy an apartment complex
Is it the same guidelines for buying a primary residence? 3% down conventional etc? or are there many more and different factors. Would I reach out to a different type of loan officer?
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Michael, it’s not even close. prepare for 20-25% down, 5 year balloon, 25 year term. This changes if it is under 4 units and you devise to owner-occupy one of the units.