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Updated about 8 years ago on . Most recent reply

User Stats

41
Posts
14
Votes
Lue C.
  • Cary, NC
14
Votes |
41
Posts

Residential multi-units vs Commercial multi-units

Lue C.
  • Cary, NC
Posted
Newbie here at BP... I've been listening to past podcasts and am interested in learning more about multifamily/multi units. I heard that a property more than 4 units is considered commercial property and financing becomes complicated. What if I pay cash? Will that eliminate the financing hurdle? Are there any more differences in the process like inspecting and closing? Are all properties listed on Loopnet commercial?

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