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I am going to be putting a converted Victorian house on the market. I think it will appeal to the owner/landlord market - live in one unit and rent the others out. With the low interest rates someone could live there for free. The catch will be the financing. There are plenty of comparables around for single family homes of a similar size and age - but no multi family sales anywhere close to the price I'll be expecting.
It is a very popular area that attracts the professional crowd, but I don't know how many buyers willl be able to put 20-30% down. Any ideas?
Can a buyer get conventional financing with no multi family comps? Because that is what keeps FHA from being an option.
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