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Updated over 6 years ago,
Real Estate Investing - Commercial or Personal Mortgage?
I have approx $100K that I'm trying to invest into approx 3-5 properties this year but eventually build to 10-15. Getting an 80% LTV mortgage, I can go with a typical investment mortgage (FNMA limits are up to 10 properties) or I can get a commercial mortgage. Do any of you have experience getting a commercial mortgage? Pros / cons? How do you that old over 10 properties finance? Private loans tend to have an interest rate over 8% vs a commercial mortgage from my research. Any thoughts about financing?