Duplex financial help questions

[Shawn Ryan]

hello,

My father and I are looking at buying a duplex. It’s an older house converted into duplex. We’ve been told that it’s a higher interest rate for that. Does that seem right to anyone? I’m sure this is against the rules so if it please delete the following section

( were looking in Galveston county, Texas he has great credit and was pre approved for 200k or more I think 300k. But the bank said the best rate they can do for an investment duplex/multi family is 4.65%)

Is that correct or can anyone do better? Please give me some pointers or show me some way around it. I’m aware of house hacking and living in 1 unit for 12 months then moving out and doing it again. But this property will be fully tenant occupied.