All Forum Posts by: Munish Suri

@Michael Haas - Thanks, that answers my question (1-4 units can be financed as a single family primary).  I'm assuming we can use the additonal rent income to offset the additional income requirements.  The price of the property is about twice what we can afford (and want to spend), but I think this gets us started in the right direction.  The problem I'm facing is getting a cap  that is higher than the lending rate!

@Brian Hughes - We are looking in the green lake/wallingford area and your note is well taken.

Could anyone please speak to the financing considerations of purchasing a multi-unit which one unit would be taken as a primary residence of the buyer.  We are considering taking this approach to properties in the Seattle area.  Specifically, are the lending criteria the same as a primary mortgage (ie. minimal downpayments) or is the property considered commercial and we require 20-25% down?