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Updated over 5 years ago,
Commercial loan on a 6 unit house hack?
Hello all,
I'm curious as to the feasibility for a first time landlord to get a commercial loan on a cash flowing 6 unit with tenants already in place. I would owner-occupy and it would be my first property purchase and first true land lording experience. I have decent handyman skills and have kept up properties for work as well as my parents few rentals. I would have to move away from my current location but I'm familiar with the area and I have family living in the area.
I know it's a stretch, but has anyone tried this? I've heard commercial loans can be easier as long as the property is priced right.
Thanks in advance.