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Updated almost 6 years ago on . Most recent reply
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I want to buy a commercial property, need help on how to do that
I’m 19 graduating college soon and I want to buy a commercial property next year how would I do that. I heard people saying you wont get approved for loans because I need experience. I have none but I’m going in on a deal with a friend same age as me. We plan on saving up at least $45,000 but where can we get approval and funds in this situation. I was planning to hire a property management company. thank you for the suggestions
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@Franklin Marte - Like Brandon said, $45k doesn't go far in the commercial world. Another route you could look at is buying into a syndicated deal as a passive investor. If you pick a good one this can give you strong returns and a front row seat to how the process works without the same risks of starting from scratch yourself, plus at the end you'll have more capital to invest with.