Private Lending & Conventional Mortgage Advice
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 10 months ago,
Are Rent by the Room Townhouses Multifamily?
I am looking at a 7 bed 3 bath townhouse that is currently being used for student housing near a prominent university. It is listed as a single rent value but I believe they also rent by the room.
Do lenders consider this a multi family and require commercial financing or is it considered a single family? It has a large shared kitchen, common areas, and shared bathrooms.