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Updated over 8 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Matthew Thompson
  • Investor
  • Evans, GA
2
Votes |
10
Posts

Commercial financing for MFR 10+ units (no experience)

Matthew Thompson
  • Investor
  • Evans, GA
Posted

I am interesting in buying an apartment complex for around $800K with the view to add value and raise overall worth to around $1M. I have 20% cash to put down. However, I have no experience in this field other than podcasts, youtube, and this site. Should I forget about qualifying for a loan or is there a way? AFAIK, I would need to procure a commerical real estate loan but getting this with no experience is unlikely.

Thanks

Matt

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