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Updated over 4 years ago on . Most recent reply

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Michael Williams
  • Rental Property Investor
  • Sacramento, CA
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Purchasing commercial property with no down payment

Michael Williams
  • Rental Property Investor
  • Sacramento, CA
Posted

Who should I contact first before purchasing my first commercial multi family property without having the 20%-25% down payment? Hard money lenders? Private lenders? Should I try and use seller financing if its available?

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Michael Williams:

Who should I contact first before purchasing my first commercial multi family property without having the 20%-25% down payment? Hard money lenders? Private lenders? Should I try and use seller financing if its available? 

Your best option is to find private lenders. Even if you get 100% other financing you will need to pay closing costs. The other options you mentioned require down payment and closing costs

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