Turning 2 4plexes into an 8 unit multifamily

[Harjot Gill]

Hi BP!

I'm looking at 2 4plex units that are right next door to each other.

Is there any way combine them onto one lot and turn it into an 8 unit multifamily unit?

[Michael Boyer]

Same question as Lisa as you lose the marketing advantage of selling as easily financed fourplexes ( 1-4 units are considered residential and buyers can get tap most major loan programs for low rates, low down, and long 30 year am term).... 

Commercial (5 plus units) will require 20-25 percent down and be much shorter term loan..and generally fewer buyers have the capital for the down.....So you reduce the marketability...