Can I get a commercial loan on such a property?

With 6 apartments were at $3600 per year If you're not all cash your loan holder won't allow it.

What you are referring to is a  DSCR loan which the lending companies do provide, they do require decent down payment and it must have good cash flow.

Hey there, me and my brother are wanting to buy a plex, He would be moving into it and using a FHA Loan to get in and i will be cosigning.

Hey Seth, Any update on the final portion of your appeal? 

You should consider an All-In-One loan for this (I see your comment about the cash out refi).

My primary bank offered me $300k, principle and interest payments only, .09% above prime the life of the loan and an $82 dollar fee. 

Hi all, can I buy a property at the tax sales, pay cash for it, then refinance it into a loan after I own it? 

@Gabriel Mesa Fairly straightforward in the suburbs.In the City of Detroit you can NOT use zip codes, you can use Neighborhoods if you know what you are doing, but you need a trusted local to check out block-by-block to finalize decisions.Since there's a lot of rentals in the City, you also need to decide BEFORE you start a rehab, if you are targeting selling to a landlord or an owner-occupant buyer.- You tenant-proof a rental, but need higher finishes on an owner-occupant.

I would suggest either going with an FHA loan or 5-10% down loan.