Updated over 10 years ago on .
Section 515 apartment
Meeting with the guy on Thursday and don't know much about usda loans.
He has two 8 unit apartments rented out to elderly that qualifies for section 515. This would be my first purchase so am nervous it might be to complex for me but would love a property that has good cash flow to start out and then go from there with other single family homes as the area doesn't allow for much cash flow unless u find a smokin deal.
Can I take out a loan also through section 515 with a 1% interest rate? Appreciate the help am super excited and need to sound like I know what I'm doing so thank u!!