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Updated almost 7 years ago,
5 unit vs bigger multi family properties
Hello BP community,
I'm looking to enter the commercial multi family property market before the interest rates go out of hands.
Being new to commercial (5+ unit), I wanted to get your advice based on your experience in this space. Is buying a 5 unit (to test the waters, get a feel of a commercial deal, understand how it works etc.) a bad deals in terms of exit strategy? Being just 1 unit over the traditional financing criteria of 4 unit, am I limiting my pool of potential buyers for when I do decide to sell/exit the investment? Since most experienced players in this space would want to do bigger deals as far as I understand, is it a bad idea to do a 5 unit deal?
Thanks!