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Updated over 7 years ago,
5-Unit Property but County Records say 3-Unit
Hi everyone. I'm looking at a 5-unit property. It's a house that has been split into multiple units but the tax records list it as a three family.
How does this affect lending? Would this be a residential or commercial loan?
Are there any legal ramifications to renting out five separate units if it's only permitted as a three unit?
Thanks!