Purchase price: $50,000 Cash invested: $30,000 First BRRR property.

Generally any multi family purchases 5+ units is considered commercial, and although many lenders offer financing, the down payment requirements will be slightly higher..usually 25-35% depending on the number of doors.  

Here's an overview of some common types:Traditional Commercial Mortgages: These are conventional loans offered by banks, credit unions, and other financial institutions to finance the purchase or refinance of commercial properties.

I have a verbal agreement to purchase the .59-acre parcel, but I would like to know if obtaining a commercial loan is feasible.

I’m here to connect and learn from everyone in the industry and hope to make a better deal on the next property as my first purchase was a new build.

Purchase price: $290,000 Cash invested: $60,000 Single family residence in an extremely fast growing community.

Even if your mother approves using some equity from your home as a down payment for a second property, you will still need to qualify for the remaining amount needed for the purchase.

Saying that, we are only interested in buy-and-hold investments that offer positive cash flow upon purchase and some minor non-structural reno's. 

@Julie Bourdon investing should be approached logically, not emotionally.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Hi Amanuel,This depends on your strategy but if you are looking to purchase and rehab to add-value before either (i) flipping or (ii) refinancing, you can likely find a product for 15-20% down, perhaps 10% if you're creating enough value.