Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 13 years ago,
I need guidance!!!
Hello all,
I am in the miltary and I have 10k in my savings account and no collateral. I have a credit score of 654 and I would like to own an apartment building. I don't want to take out a loan for 500k for my first foray into commercial real estate. I have been reading book on real estate but I want just need advice on where I should start. Maybe the first 5 steps I should take. I am just nervous and I know 10k isn't a lot in the long run but for me its my nest egg and i don't want to waste it on a missteps. Is it realistic of me to believe, with the qualification I listed above, that I will be abole to find a loan to buy an apartment building? Please help!!!