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Updated over 5 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Hunter Adams
  • Rental Property Investor
  • Riverside, CA
5
Votes |
32
Posts

Commercial loan on a 6 unit house hack?

Hunter Adams
  • Rental Property Investor
  • Riverside, CA
Posted

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.

Most Popular Reply

User Stats

1,380
Posts
1,186
Votes
Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
1,186
Votes |
1,380
Posts
Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
Replied

@Hunter Adams I joke with my wife anytime we are in Downtown San Diego area that I would love to House hack a mixed use commercial high rise building if fha had a commercial program lol

  • Twana Rasoul

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