Getting a commercial loan For a multifamily
Hi,
I am a beginner to investing so this might be a dumb question...so bear with me.
I dont have enough money to put any kind of downpayment through. I just used all of my money from selling my house to pay off about 75% of my debt. But i am getting incredibly impatient, i loath working a 6am-4pm job as a welder working in the hot sun all day to go home to not have much energy left to even be motivated to go through online classes. i want out of the rat race. period.
i was mulling over the idea of trying to get a commercial loan to get a multi-family....is that a good way to get it? do i have to create an LLC and show profit for something first.....i dont even know where to start. any direction would help, thank you in advance.