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Updated almost 6 years ago on . Most recent reply

Steven Coppola's profile image
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Steven Coppola
  • from Windsor, CA (windsor)
  • Member since Aug 8, 2018
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Steven Coppola's profile image
Steven Coppola's profile image
Steven Coppola
  • from Windsor, CA (windsor)
  • Member since Aug 8, 2018
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Steven Coppola
  • Windsor, CA (windsor)
6
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21
Posts
Multi-Family and Apartment Investing

Down payment on rental

Steven Coppola
  • Windsor, CA (windsor)
Posted

Hey BP! My parents own a 6 unit apartment. If I buy it off them then live in one unit and rent out the other 5. Will I still qualify for a lower intrest rate and mortgage rate because I live In the building. I know this works with muti family homes. But does it work this a 6 unit apartment. Looking forward to the responses!

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Scott Innocente's profile image
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Scott Innocente
  • Real Estate Agent
  • from Windsor, Ontario
  • Member since Aug 5, 2017
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Scott Innocente's profile image
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Scott Innocente
  • Real Estate Agent
  • from Windsor, Ontario
  • Member since Aug 5, 2017
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Scott Innocente
  • Real Estate Agent
  • Windsor, Ontario
214
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Scott Innocente
  • Real Estate Agent
  • Windsor, Ontario
Replied

@Steven Coppola, 6 units + does require a commercial mortgage.  I have a great mortgage broker here in Windsor that could walk you through this.  P.m. me if you'd like more details.

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