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Updated 6 days ago on . Most recent reply

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Robel Nessro
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Want too get started

Robel Nessro
Posted

Hi I am 18 years old and I've been really interested in Commercial Real Estate investing since I was 16 and I don't much about CRE investing and I would really love some advice on how too start funding your first property, and where I can learn CRE investing,

I've also been thinking about joining the Air Force so that I can buy my first commercial property using the VA loan and continue from there and buy more, but I don't know if that's a good idea or not. Any Advice helps thank you.

Most Popular Reply

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598
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Scott Johnson
  • Specialist
  • Greenville, NC
369
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598
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Scott Johnson
  • Specialist
  • Greenville, NC
Replied

A VA loan is a good play, but it needs to be considered a residential property, unless someone understands more than me on the commercial side and knows a way to use a VA loan for a commercial property.

That means that you can buy a property with up to four units, since this is still considered residential. Why is it considered residential? Because Fannie and Freddie will buy the loan, meaning the loan could be originated by a lender and immediately be sold to Fannie and Freddie. 

Commercial loans are usually held on the books of the originating bank. A lot of smaller banks will do this.

If there is not a Four Plex in your area, start educating yourself on how to build one. VA Loans can be used for that as well.

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