a two, three, or even a four unit house than it is a single family home?
2007-07-12 12:50:29 · 2 answers · asked by ujenfo 3 in Business & Finance ➔ Investing
At first, it might be, but as you get more familiar with it, you'll probably prefer to get more multiple unit properties as you'll get many economies of scale by knocking out quantity at one time.
The key is education and knowing what you're doing and having a good plan to follow as you buy / rent / sell your properties.
Hope that helps!
2007-07-16 10:34:34 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
You'll get a higher rate on multi units, compare to regular homes. In addition, there are more of loan to value restrictions; hence, making it more difficult to do. Between 1 to 4 units are considered to residential properties. Anything pass 4 units would be consider a commercial property and the loan procedure is completely different. To qualify for a home it's more depending on the borrower situation.
2007-07-12 12:56:33 · answer #2 · answered by jake shim 1 · 0⤊ 0⤋