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Updated almost 10 years ago,

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7
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0
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Kyle Wollin
  • Johnson Creek, WI
0
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7
Posts

Section 515 apartment

Kyle Wollin
  • Johnson Creek, WI
Posted
Meeting with the guy on Thursday and don't know much about usda loans. He has two 8 unit apartments rented out to elderly that qualifies for section 515. This would be my first purchase so am nervous it might be to complex for me but would love a property that has good cash flow to start out and then go from there with other single family homes as the area doesn't allow for much cash flow unless u find a smokin deal. Can I take out a loan also through section 515 with a 1% interest rate? Appreciate the help am super excited and need to sound like I know what I'm doing so thank u!!