Newbie Commercial Real Estate. First investment

Newbie Commercial Real Estate. First investment

Rental Property Investor · Las Vegas, NV · Member since 2016 · 28 posts · 3 votes

Hi bigger pockets

I am looking at my options on getting into commercial real estate in Nashville. I wanted to know does anyone know where I can find 100% financing to acquire an apartment complex? If you do not know of how I can get 100% financing, what is the best strategy that will NOT cost me much money out of pocket as well as a strategy that will NOT pay to much attention to my credit being that I am still in the process of fixing it.  

Also can anyone give me any tips on commercial real estate that I should look out for, being that this will be my first investment.

Also, if this is going to be my first investment property as a newbie, should I start off doing commercial real estate or should I start off smaller with home and then rent it out?

I will have about 15-20k saved by august and I'm eager to invest it in the hopes of generating more income.

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    9y

    If you want commercial retail you might work on fixing your credit and showing good income on your tax returns.

    Then find a retail condo unit you could possibly buy for 100k to 200k to get started.

    Regular commercial  the closing costs alone will surpass the 15k to 20k you are saving up.

    Takes a lot of money to do commercial. 

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