All Forum Posts by: Andrew Palumbo
Andrew Palumbo has started 1 posts and replied 2 times.
Post: Three duplexes or one six-unit property???

Andrew PalumboPosted
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Thank you both, good info.
Post: Three duplexes or one six-unit property???

Andrew PalumboPosted
- Posts 2
- Votes 0
Hello all, my brother and I own a total of 3 properties with a 4th under agreement (has not closed yet - fingers crossed). Working on another deal where the current owner had 3 duplexes and changed the deed to a 6 unit multifamily to save on taxes. Looking for input on a couple of topics -
Do we evaluate the deal as three individual duplexes or as a six unit property?
We've never done a commercial loan as all current properties are 4 units or less. Looking for input on how to get a commercial loan and evaluate the deal from that perspective. I have only evaluated using conventional loan numbers.
Located in Mass
Thanks in advance!