Updated over 6 years ago on . Most recent reply
Down payment on rental
Hey BP! My parents own a 6 unit apartment. If I buy it off them then live in one unit and rent out the other 5. Will I still qualify for a lower intrest rate and mortgage rate because I live In the building. I know this works with muti family homes. But does it work this a 6 unit apartment. Looking forward to the responses!
Most Popular Reply
@Steven Coppola, 6 units + does require a commercial mortgage. I have a great mortgage broker here in Windsor that could walk you through this. P.m. me if you'd like more details.