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Updated almost 7 years ago on . Most recent reply

User Stats

147
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87
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Daniel Mills
  • Investor
  • Kusatsu, Shiga
87
Votes |
147
Posts

5 SFHs in a commercial loan?

Daniel Mills
  • Investor
  • Kusatsu, Shiga
Posted

Hi guys,

I currently own 4 SFHs in Memphis, TN. I am looking at buying a 5th. I am wondering about the possibility of rolling all of these into a single commercial loan. A couple of questions...

1. Can I do this? Has anyone tried it before?

2. Do I buy the 5th house on a conventional loan and then try to refinance them into a commercial loan later or can I do the commercial loan purchase/refinance at the same time?

Thanks,

Daniel

Most Popular Reply

User Stats

1,314
Posts
1,135
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Douglas Skipworth
  • Rental Property Investor
  • Memphis, TN
1,135
Votes |
1,314
Posts
Douglas Skipworth
  • Rental Property Investor
  • Memphis, TN
Replied

Hi, @Daniel Mills.

The short answers are 1. Yes and Yes and 2. Either.

Feel free to send me a private message if you want to know a local lender who would like to look at the deal for you.

  • Douglas Skipworth

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