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Updated over 8 years ago,
Buying a 4 unit property vs. 5 unit
Hi everyone,
I've heard that buying a 4 unit multi-family still qualifies under conventional financing and basically follows the same rules as buying a SFH. But, I'm curious because I am currently looking at purchasing a 5-6 unit property. What happens when the property increases to 5 units?
Is financing different? ie. No conventional financing? Do I need to worry about different legal issues? Any help is appreciated. Thanks!