Multi-Family and Apartment Investing

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Scott Goulet
  • Rental Property Investor
  • Port Saint Lucie, FL
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94
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5 units or more Multifamily Finance questions

Scott Goulet
  • Rental Property Investor
  • Port Saint Lucie, FL
Posted Sep 25 2019, 13:55

BP, 

I have been listening to the BP podcast for about 4 years now! Still love it! I keep hearing over and over that a single family is just as much work as a 10 unit apartment complex to purchase etc. I want to scale faster and purchasing a quad a year sounds fine, but would like to get into larger buildings. 

My one main question is, if I am looking to purchase 5 units or more, will I have to work with commerical lenders? I will not be able to use standard residential brokers/ convential loans for these apartment buildings? I assume Mobile home parks are the same.. Commerical lenders? 

If so, does anyone have any recommendations for commerical lenders in the Kansas City area? 

Thank you BP! 

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