Posted by brandoncbsre on May 07, 2008 at 17:11:13:
In Reply to: Is a Quad Plex Commercial or Residential? posted by Steve B on May 07, 2008 at 10:23:00:
It depends. If they are all equal in terms of price per door.......I'll take the 8 unit. It should be cheaper to maintain over the years and more convenient to manage etc.
As far as financing goes anything 5 units or more is considered commercial. I buy everything with 15 and 20 year commercial loans though. They are typically 75%LTV but a good local bank will allow cross-collateralization of properties you own and seller seconds. See my post in the Financing forum posted yesterday title "Why Small Banks Rock" for more on working with small banks.
I'm all for cashflow.......but if it wont flow on a 20 year I'm not interested.
Good Luck in Your Investing