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Updated almost 5 years ago on . Most recent reply

User Stats

10
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4
Votes
Albert Pena
  • Real Estate Agent
  • Miami, FL
4
Votes |
10
Posts

Business loan > Mortgage ??

Albert Pena
  • Real Estate Agent
  • Miami, FL
Posted

My girlfriend and I are preapproved for a 450k mortgage loan to buy our first multifamily. But a friend of ours just told us that she got a BUSINESS loan instead and bought a rundown home at an auction and rehabbed. We’ve been studying real estate for about 3 months now and haven’t read a strategy like this. Has anyone else tried this?

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