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Updated over 4 years ago on . Most recent reply

Michael Stinger's profile image
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Michael Stinger
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Michael Stinger
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Michael Stinger
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Buying & Selling Real Estate

How to buy an apartment complex

Michael Stinger
Posted

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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Mark H. Porter's profile image
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Mark H. Porter
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  • from SC NC, VA
  • Member since Feb 12, 2020
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Mark H. Porter's profile image
Mark H. Porter's profile image
Mark H. Porter
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  • from SC NC, VA
  • Member since Feb 12, 2020
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Mark H. Porter
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  • SC NC, VA
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Mark H. Porter
  • Investor
  • SC NC, VA
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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.

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