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Updated over 8 years ago on . Most recent reply

Janice Davis's profile image
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Janice Davis
  • from Slaughter, Louisiana
  • Member since Jul 23, 2016
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Janice Davis's profile image
Janice Davis's profile image
Janice Davis
  • from Slaughter, Louisiana
  • Member since Jul 23, 2016
Connect
Janice Davis
  • Slaughter, LA
2
Votes |
4
Posts
Starting Out

Commercial loans

Janice Davis
  • Slaughter, LA
Posted

I don't have any experience with commercial loans but I am going to need one in order to purchase a property that I have my eye on. The asking price is 1.2M. My question is, what is the criteria for securing a loan this size and is this something that I should consider being that I'm just starting out? If I use the 2% rule, I'll never be able to leave this job that I hate because I won't make enough in cash flow to replace my income.

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