Can I buy a commercial property as a residential property?

Can I buy a commercial property as a residential property?

Aperture asked:


I am interested to buy a property for my retirement in a remote area so I can reside there. The part of property has commercial area which is a casual restaruant and an antique shop, but the majority of the property is a house. Also, I have no intention of running any of business but I would like to lease them to tenants. Can I still get a loan as a residential mortgage?

Thank You for reading my questions!

Wayne

Share and Enjoy:

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 

• Zeroing In On The Average Residential Property Price In The USA
• How do I list my commercial property on Yahoo?

This entry was posted on Thursday, February 5th, 2009 at 11:03 pm and is filed under Renting & Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Can I buy a commercial property as a residential property?”

1. not my real name Says:
   February 7th, 2009 at 12:40 pm

   I think that you cant, if it has been declared commercial, they will sell it as commercial, it will be more expensive thought.

2. Ray S Says:
   February 9th, 2009 at 2:05 pm

   i am reading your question about buying commercial property as a residential property…………….!

   You can get your best solution from

3. TheMom Says:
   February 12th, 2009 at 10:26 am

   You can get a loan, but a commercial one, not residential.