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Updated almost 6 years ago on . Most recent reply

Klaycon Santos's profile image
Klaycon Santos's profile image
Klaycon Santos
  • Rental Property Investor
  • from Taunton, MA
  • Member since Jul 31, 2019
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Klaycon Santos's profile image
Klaycon Santos's profile image
Klaycon Santos
  • Rental Property Investor
  • from Taunton, MA
  • Member since Jul 31, 2019
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Klaycon Santos
  • Rental Property Investor
  • Taunton, MA
4
Votes |
33
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Multi-Family and Apartment Investing

Can a first time home buyers purchase a commercial property ?

Klaycon Santos
  • Rental Property Investor
  • Taunton, MA
Posted

What are requirements or laws towards first time? Is 25% down payment mandatory? Can I make it my personal home and live in it?

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Seth Williams's profile image
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Seth Williams
  • Real Estate Broker
  • from Winthrop, MA
  • Member since Oct 17, 2014
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Seth Williams
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  • from Winthrop, MA
  • Member since Oct 17, 2014
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Seth Williams
  • Real Estate Broker
  • Winthrop, MA
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Seth Williams
  • Real Estate Broker
  • Winthrop, MA
Replied

20-25% Down is the usual for commercial property, and no, you usually cannot live it in or make it your primary residence. 

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