Hi…I am new to investing and new to the forum. I have a few questions:
I am looking to buy my first multi-unit in Maine. After running the numbers, in order to make a profit, I would need more than 4 units. Every mortgage company that I have investigated considers 5+ units “commercial” and therefore requiers 20% down. I have excellent credit (720’s+) but don’t have the upfront cash to put down. Any suggestions/alternatives?
Thanks!!!
Jill