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Updated about 7 years ago,
Purchasing two properties as one?
Hey everybody, I am currently looking into an investment property and there is a duplex and quadplex right next to each other, the sellers are only selling the two properties as “one.” The duplex is 225,000$ and the quad is 575,000$. So even though the sellers are basically selling 6 units as one price figure, would the bank see it that way? I looked into it and it sounds like it’s a blanket loan under commercial lending. Does anybody have knowledge or experience with this? I am asking because I am looking to owner occupy with 5% down on just the one price. But not sure if this is doable. Any advise would help!