Are Multi-Family units Commercial
Hello BiggerPockets Community,
I was listing to/watching one of the BiggerPockets webinars, and Brandon Turner mentioned that he liked 2, 3 and 4 family multi-unit properties because they are considered residential...
I did a quick search online as well as on BiggerPockets, and though I am certain the answer is out there, I couldn't quickly track it down. So, though up to 4 units is considered residential, is there a certain number of units per building that then makes it become commercial real estate? I was searching for Pennsylvania (even Philadelphia specifically) as I know that laws can change depending on the jurisdiction.
If there is a quick answer to this, that would be great, but I realize that it may be a case by case matter.
Thanks BiggerPockets Community and Best of Luck!