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Updated almost 6 years ago,

User Stats

32
Posts
2
Votes
Devin A Hanley
Pro Member
  • Rental Property Investor
  • King County, Wa.
2
Votes |
32
Posts

Purchase 8-unit as commercial building or as 8 separate condos?

Devin A Hanley
Pro Member
  • Rental Property Investor
  • King County, Wa.
Posted

Hello,

I am looking into an 8-unit apartment building. The builder had the apartment classified as condos, so that is what they technically still are. 

I am curious if there is any benefit to buying this as 8 separate mortgages rather than as 1 commercial building. I understand that the rates may be better if purchased individually. I believe that it then also gives me the option to sell them individually down the road if I would like. 

But, the overall process of this seems like it could be a bit more messy. 

Do any of you have any insight, suggestions or pros/cons to this that I may be missing? Thank you for any insights you may have!

  • Devin A Hanley