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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingConsidering a 5 unit
Troy Forney's profile image
Troy Forney's profile image
Troy Forney
  • Appraiser
  • from Valparaiso, IN
  • Member since Aug 21, 2015
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Troy Forney's profile image
Troy Forney's profile image
Troy Forney
  • Appraiser
  • from Valparaiso, IN
  • Member since Aug 21, 2015
Connect
Troy Forney
  • Appraiser
  • Valparaiso, IN
62
Votes |
118
Posts
Multi-Family and Apartment Investing

Considering a 5 unit

Troy Forney
  • Appraiser
  • Valparaiso, IN
Posted Oct 9 2017, 13:49

So I am considering a 5 unit, but the financing seems very risky.  Spoke with a commercial lender and basically it seems as though it is amortized over 30 years, but I would have to either refinance or pay off the balance every 3 years.  With an adjustable rate.  Seems pretty risky.  Anyone else have any other suggestions?  

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