los angeles, CA · Member since 2009 · 223 posts · 4 votes
So far I have been dealing with a lot of residential stuff... I would like to start getting into commercial as well..
Is it possible in this current market to purchase commercial real estate with $0 down... maybe creative financing? How hard is it? Can I buy a 50 unit apartment building with $0 down or $5k?
Any books you would recommend for something that works in this economy... $0 or little down to buy large commercial properties such as apartments..
Loan officer said underwriting most likely would not even look at the deal unless we had 25% skin in the game
I laughed and told them that if I had all that I would not need them and walked out the door. Might be looking for a place to put our savings and checking accounts tomorrow.
I don't see your point, because that is what every lender is going to do