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Updated about 2 years ago,
multifamily financing for first investment property
Hello and good afternoon BP, I am looking at purchasing a multifamily(2-4) for my first investment in real estate. I hope to purchase one by the end of this year as a long term hold rental unit. I am unsure about what type of loan I should lean towards. I hear some say FHA others the DSCR, what I am wondering is what are the pros and cons of each and why chose one over the other? Also, what lenders are good to work with for either type of loan? Thanks in advance, and much appreciated.