All Forum Posts by: Corey Dickens

Thanks. Great advise.

If I am reading you right, then the answer is yes!!  But, just call it a portfolio deal?

I have a potential deal of 5 duplex in the same block not next to each other.  Can the duplexes be packaged like a 5 Unit apartment building to get a commercial loan rather than residential based loans?

Thank you Bill.  That helps.

I want to convert a 2000 Sq-ft house into a 3 unit multifamily bidg.  Has anyone done a conversion and can be a consultant on the topic?  Beyond zoning, I need to know the pros and cons.  I am located in Baltimore.

Thanks for all the feedback. I think the answer seems to be that the the property would not be valued like a true commercial multifamily, but assessed as a SFH compared to other 2,3, or 4 multifamily units in the area.

I have a question about multifamily properties below 5 units.  Is the property assessment for cash out refinance looked at from a residential perspective or as a true multifamily perspective?  The level in equity is very different depending on how these asset is perceived.