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Updated about 8 years ago on . Most recent reply

Patrick Philip's profile image
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Patrick Philip
  • from Florida
  • Member since Aug 18, 2016
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Patrick Philip's profile image
Patrick Philip's profile image
Patrick Philip
  • from Florida
  • Member since Aug 18, 2016
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Patrick Philip
  • Florida
107
Votes |
912
Posts
Commercial Real Estate Investing

Has anyone here built a commercial property?

Patrick Philip
  • Florida
Posted

Is it realistic that I would be able to qualify for a loan to build a hotel or apartment complex? I only make $36,000/year. I wholesale on the side but have not done a deal yet.

What does it take to conduct market research to make sure it will be profitable?

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Chinmay J.
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  • from Northern, Virginia
  • Member since Apr 7, 2016
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Chinmay J.'s profile image
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Chinmay J.
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  • from Northern, Virginia
  • Member since Apr 7, 2016
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Chinmay J.
  • Investor
  • Northern, VA
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Chinmay J.
  • Investor
  • Northern, VA
Replied
Originally posted by @Patrick Philip:

what about sending letters to all local complex and hotel owners asking if they'll sell to me 100% owner financed?

You should absolutely do it. Also ask them to throw a Cadillac in the mix.  Definitely can't hurt. Whatchu gotta lose? Let us know how it goes.. 

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