Buying & Selling Real Estate
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 over 6 years ago,
Commercial loans for new investors
I seem to be running into a bit of a wall here. I am trying to find places that will lend money to new investors with no track record. I am able to put up 30%, but the banks (small, local ones), and even online lenders, want so many months-years experience, which I dont have. My goal was to buy a bigger multifamily deal and have a property management team manage it for me, instead of me being a landlord/manager. But, it seems like that's a no. Am I supposed to start small and be the landlord for a couple year before I can move up or should I just keep calling around to see if someone will eventually say yes?