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What Is a Fourplex? A Practical Guide for Property Investors

Bay Property Management Group

Because it’s a residential property (anything up to four units counts), you can apply for a regular mortgage instead of a commercial loan. Easier Financing A huge advantage of a fourplex is that it’s classified as a residential property. Additionally, financing is easier than you might imagine.

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What is a lender inspection?

MRI Software

What happens if a property fails a lender inspection? Failing an inspection doesnt mean your project is doomed, but it can definitely cause delays. Start by reviewing the report and gathering proof, such as photos, updated schedules, or written statements from your contractor.