Buying a Quad with four independent tax records

[Leon Lee]

Hi, BP Fellow Investors

I am interested in a Quad with four independent tax records on the county website. Suppose that I only have one of the 10 residential loan slots left and I want to take advantage of this low-interest, 30y-fixed loans, could I buy this Quad using that one slot? What are potential issue in buying such Quads with 4 separate tax records? The seller told me that he bought it as a quad, and think it is ok for me to do so, but I would like to hear your inputs. I do notice that by having separate tax records, the total tax collected from these four units as a Quad is about 30% higher than the Quad next door with only one tax record. 

One related question: If there are 10 Condos/townhouses (with independent tax record) that are sharing a wall with each other and the seller has 5 of them that are next to each other, is it possible to use only one residential loan slot to buy all five or all four?

Many thanks in advance!

Lee

[Wayne Brooks]

@Leon Lee You could do that but it still counts as “4 mortgaged properties” as to conventional loan limits, so you couldn’t go conventional.