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Updated over 6 years ago on . Most recent reply
Financing question for Massachusetts Multi-Family Investors
Hi everyone,
I'm new to real estate investing and my local market is Boston, MA (don't even get me started on prices here).
I plan on living in the house and using a residential mortgage. For cash flow purposes, I would like to buy a property with as many units as possible.
Given how much more advantageous residential mortgage terms are, I would like to stick with one and avoid a commercial loan.
Some local real estate agents have told me that 4 or more qualifies as commercial in MA, but others have said it's 5 or more like the standard for the rest of the country.
Does anyone have experience in this market that can tell me which it is?
Thanks for the help!
Michael
Most Popular Reply

If you’re going to have a condition of buildings delivered vacant be prepared to get a lot of rejected offers. This is a highly competitive market. An offer requesting the landlord to evict all tenants will likely go right in the trash.