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Updated over 8 years ago, 08/21/2016

Stanley E.'s profile image
Stanley E.'s profile image
Stanley E.
  • Rental Property Investor
  • from North Little Rock, AR
  • Member since Dec 15, 2014
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User Stats

148
Posts
43
Votes
Stanley E.'s profile image
Stanley E.'s profile image
Stanley E.
  • Rental Property Investor
  • from North Little Rock, AR
  • Member since Dec 15, 2014
Connect
Stanley E.
  • Rental Property Investor
  • North Little Rock, AR
43
Votes |
148
Posts
Buying & Selling Real Estate

2-4 Unit Misconceptions With the Banks

Stanley E.
  • Rental Property Investor
  • North Little Rock, AR
Posted

In the last 2 weeks I have spoken with three banks and they all tell me that 2-4 unit multifamily properties are commercial real estate. Every REI book I read say 5 unit multifamily and up is commercial. Why is there this discrepancy? This is an issue when I am trying to get a loan and they are asking for 20% instead of 10% down. Once again, Why the difference in the banks terminology and the books'?

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