Updated almost 6 years ago on . Most recent reply
Fourplex househack vs commercial property for first investment
If I'm low on capital do you think it would be better to get an unsecured revolving business line of credit (not a credit card) backed up with a personal garrenttee between $50k to 100k to use as a down payment (with a llc) conventional 20%/25%/35% (I honestly don't know how much percent the downpayment would be one of the three) on a small commercial investment property 5 to 50 units instead of getting A fourplex with a fha and househacking it and only having to put 3.5% down. Trying to think long-term since this is my first investment property. I was thinking maybe if I had like 10k to 20k cash I could leverage my money to get some business credit if that's possible. Or should I just take the 10k to 20k cash and househack a four plex with a fha loan.