Hi all - I own a few properties currently and am ready to scale up. For now I'm working to align the capital necessary to purchase a property at or around 20 units within the next couple of years ($1M-$2M purchase+rehab). I know there are a variety of loan options available through banks with various requirements regarding down payment, recourse, interest only payments for a certain period etc. and often dependent on the number of units in the property (i.e. single family vs. duplex vs. 5+ units). I'm curious if there are any loans I may not be aware of that become available once the property reaches a certain threshold at or around this 20 unit number? What is, in your opinion, the best loan to seek when looking to buy a property of this size? Appreciate any and all responses BP network, God Bless!
