Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago, 09/25/2019
5 units or more Multifamily Finance questions
BP,
I have been listening to the BP podcast for about 4 years now! Still love it! I keep hearing over and over that a single family is just as much work as a 10 unit apartment complex to purchase etc. I want to scale faster and purchasing a quad a year sounds fine, but would like to get into larger buildings.
My one main question is, if I am looking to purchase 5 units or more, will I have to work with commerical lenders? I will not be able to use standard residential brokers/ convential loans for these apartment buildings? I assume Mobile home parks are the same.. Commerical lenders?
If so, does anyone have any recommendations for commerical lenders in the Kansas City area?
Thank you BP!