Commercial property with residential rents as well.
I was out looking at single family homes today with a realtor friend. She's a friend and mentor to me as I already have two SFH.
I knew she had a property for sale that she owns, so I asked her about it.
It has 9 commercial and 5 residential units. Monthly rents are about $5500.
If I put 20% down, my mortgage would be about $2750.
The properties appear to be in great shape with maintenance records.
The bank, a CU, also said they could help me to pay the 20% down by refinancing my paid off personal home so I could hold onto my cash.
I'm just in the beginning stages of looking into this. Do you all have any thoughts?