Newbie Financing - Commerical Loans for multiple SFH?

[Richard Hammac]

I can't remember which BP podcast that I was listening to, but I thought I heard correctly that it's possible to lump 2 or more Single Family Homes together on a COMMERCIAL LOAN? 

I'm somewhat new to REI, its lingo and common practices. I'm confident in my ability to find good deals and make smart decisions, BUT my holdup and lack of knowledge with finance options is slowing me down. I have some cash to go 20% down on a couple of properties that are LISTED at and around 40k-60k, and I have great credit, but haven't had great advice from USAA/Wells Fargo/NFCU.

Any advice would be welcome, thanks BP family!

[Jerry Padilla]

@Richard Hammac You can go with conventional financing with a fixed interest rate and a 15-30 year mortgage. Commercial financeing typically has ARM after a 5-10 year period.