Commercial for first REI with bad credit & only about $3,000

[Ashley Clair Bouton]

Hi! So I am trying to figure out if it's actually possible to get into Commercial REI (apartments) with bad credit & only about $3,000.
I've seen so many mixed answers like "Commercial is easier and it's a great idea"to "you have to have good personal credit, or experience in REI, or a good amount of money (like 3-5% of the purchase price) to make it happen."
I'm wondering if anyone has any insight to if this is possible to do. Thank you so much! 

[Caleb Brown]

I would not try apartments without saving more. 3-5% down is a unicorn for 5+ units. Aside from that $3,000 is not enough to get into any sort of property and have reserves. As you save clean up your credit. Credit is vital when you are leveraging and buying RE. Dave Ramsey is against borrowing but the reality is you will have to utilize leverage. If you struggle with saving then I would look at your income and expenses. See what you can cut and how you can increase your earnings. When you have more saved look into house hacking a SF or a 2-4 unit property.