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Updated over 3 years ago on . Most recent reply

Vince Liu's profile image
Vince Liu's profile image
Vince Liu
  • Member since Aug 10, 2021
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24
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Vince Liu's profile image
Vince Liu's profile image
Vince Liu
  • Member since Aug 10, 2021
Connect
Vince Liu
3
Votes |
24
Posts
Multi-Family and Apartment Investing

Triplex converted from Single Family - Insurance & Mortgage Rules

Vince Liu
Posted

Hello BP,

I recently purchased this triplex that is converted from a single family home into 3 units. I was wondering what property type would it be when it comes to Mortgage and Insurance. Apparently there are better terms and rates with single family than with multi-family, however, is there any rules that go with it? Can I get an insurance and a mortgage for this property as a single family?  

Thank you!

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