Can you re-fi agriculture land for the use of a down payment for multi family commercial property?

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Can you re-fi agriculture land for the use of a down payment for multi family commercial property?

2006-11-09 12:59:21 · 2 answers · asked by aktim1 1 in Business & Finance ➔ Renting & Real Estate

2 answers

If you refinance one property and generate a cash-out, you can pretty much do whatever you want to with the money.

2006-11-09 13:40:09 · answer #1 · answered by open4one 7 · 0⤊ 0⤋

in case you will occupy one unit, you may get into an FHA loan with basically 3.5% down. If this would be an investment sources you will need 20-30% down and tremendously good credit rankings.

2016-12-10 06:09:15 · answer #2 · answered by fechter 4 · 0⤊ 0⤋