Working on get my first deal.

[Chris Munoz]

I’m looking into getting into the Multifamily industry but not sure if I should start with 2 units or 11 units.And this would be my first deal.Any thoughts?

[Beau Fannon]

Chris, there is a big difference in financing a duplex versus financing a small apartment complex. Financing a multi-family building with four units or less uses the same process as buying a single family home. However, an 11 unit apartment building is a commercial deal. You will need much higher reserves, much higher down payment, and rather than running your credit to prove credit worthiness the lender will want to know your global cash flow situation. It's a whole different ball game.