First Multi Unit Purchase

[Ryan Simpson]

Hey Everybody!

This is my first post so its an introduction/ question. I have found a great deal. It is three duplexes being sold in one transaction. My question is do I need to obtain a commercial loan since this is over four units or can I still qualify for residential since it is three individual buildings? Also this is my second deal (first one is a live in flip that I am currently in the middle of) so I am also wondering if it is a good idea to expand that rapidly? If my offer is accepted on the duplex I will still have to obtain hard money which will be an uphill battle and I will need some encouragement!

Thanks in advance!