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Updated almost 8 years ago,
Can I use a Residential Mortgage???
I'm looking at 2 4-plex's that are being advertised at one. I found the property on Loopnet.com. They have 2 different addresses (1900 and 1902 Main St) and 2 stand alone buildings one the same property lot. Each unit has its own taxes, and insurance.
While they are advertising the property as an 8 unit, it's really 2 4's being sold. It's my belief that I can get a residential mortgage on each of them.
Please let me know if im wrong