Condo vs multi unit property

[Kevin Bowen]

Ok, so I searching for my first rental property, well not really my first because I have owned a couple others but sold them. In any case, I put an offer in on a condo following the rule of buying 20% below FMV, and it was countered but still not even close to where I needed it to be for it to work. I researched about 25 properties viewed 4 and put an offer on 1 and it didn't work out. I'm really pumped to have this play out the way it did, and learned from it. I'm considering forgetting my conventional mortgage and getting a commercial mortgage and purchasing a multi unit property instead of a condo. Interested in hearing opinions on that?