New Investor - Loans are hard!
I have been looking and following big time investors for a while now, and I am really only interested in CRE. However, I feel a little lost on where I should start. Some of the biggest problems I foresee myself encountering is the net worth aspect of acquiring a loan. I do not have the cash on hand or the assets of a value like that. I have potential people to bring on as in investor on a deal by deal basis in order to cover down payments/larger fees. However, that still leaves me with the issue of the lender looking for my net worth.
I guess my question really is,
- Have any of you every purchased CRE with little/no money down?
- If so, how did you get around some of the lender restrictions?
I love to chat and I love advice, so any help would be wonderful!