Updated about 4 years ago on . Most recent reply
Apartment hacking in Baltimore with a Twist
Quick question: We want to do a "house hack" with an apartment building. Simple right!
Here is the twist! Can we still get the 3.5% down if it's structured with my friend being primary on the loan and myself secondary as a business entity? My friend will reside and I'll manage. This is to avoid paying the 25%-30% down payment when using a commercial loan. The less amount of equity out of my pocket the better. We want to do a 5-12 unit building in Baltimore, Pennsylvania, or Delaware.
Thanks BP!