Trying to aquire a quadplex.

[Joshua Womack]

Hello BiggerPockets. My name is Joshua Womack. I am a 21 year old realtor and an investor in Maryland. I am looking to purchase a rental property in New York. I asked my broker and my lender and they said that "most banks require you to live in one of the units. If you have a lot of money to put down; then banks will not care if you don't live in it." I am trying to get a mortgage on a quadplex to use other people's money. Since I live in Maryland and not New York I can't just up and leave to live in one unit just to buy this property. I am trying to make sure that I can't get a conventional loan on this property or how it works with rental properties. I know that you can have duplexes in other states that you can't live in yourself but I'm unsure if this is the same for quadplexes or what the deal is. Any help or advice would be appreciated!!! Thanks in advance!!!