Difficulty in finding 4plex Comps.

[Spencer Brett]

A lender that I am considering using for 203k loan told me recently that quadplexes are difficult to purchase and sell due to difficulty in valuing them. His rationale was that the 4 plexes in the area do not sell often, and value is based on similar properties sold recently.

What is the implication of this statement? I plan to owner occupy the property and rent out the remaining units.

I don't understand why the bank would care to determine the value of the property, as I would assume it would be determined between buyer and seller.

He recommended sticking with a duplex. Is there any truth in this?

Can anyone present any ideas to help me wrap my head around this problem he presented?