Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Jake Sabin
0
Votes |
1
Posts

Apartment Loan Question

Jake Sabin
Posted

I am considering a 30 unit apartment complex and wonder if I should look at a traditional 30 yr mortgage or if I should get a commercial loan since this kinda pushes the bounds of side hustle to full on business.  I haven't looked into a commercial loan yet, but with 25% down on a traditional mortgage, I am sunk.  Thoughts?  Any other ideas on how to buy it with less cash out of pocket?

Most Popular Reply

User Stats

15
Posts
14
Votes
Albert Hall
  • The Plaza
14
Votes |
15
Posts
Albert Hall
  • The Plaza
Replied

Traditional loan will not be an option.  Not only do you need 20-25% for down payment, you will also need significant cash reserves to qualify.

Loading replies...