Buying Two Fourplexes - Financing Options
Hello everybody,
I am looking at buying two fourplexes right down the street from one another.
Will the bank look at this deal as a standard residential mortgage or will they view it as a commercial/multi family deal looking at NOI?
Also, in a situation like this how will the appraisals work? Are they off of comps or NOI/Cap Rates?
Thanks for the advise and guidance.