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Updated almost 7 years ago on . Most recent reply

User Stats

887
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323
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Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
323
Votes |
887
Posts

What do I need to know about commercial loans

Jorge Ruiz
  • Rental Property Investor
  • Los Angeles, CA
Posted

Ok BP here I go again...

So for now my plan is to pull of the BRRRR method using conventional loans. For now I need to use not only my income but my wife's in order to qualify for a loan. My wife has been hinting at working part time and closer to home. So my understanding so far about commercial loans are that you can use the income of the property to obtain a commercial loan. Please correct me if this is not true. Also can I obtain a commercial loan on a duplex?

Thanks again BP!

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