Do not want to quit on commercial!

[David Noskiewicz]

Hey ladies and gentlemen, 

I am basically ready to make the leap, have all finances in order, great team (attorney, bookkeeper,CPA, Broker, etc.) and have been looking into residential multi-families in Northern CT, and Western MA, and the more I think about it and the more 5 + units I see, the more I believe it would be smarter for me not to be "afraid" of commercial and believe it to be more advantageous to go a little bigger rather than smaller (assuming the price is right) I have spoken to numerous people, and they say "well this is your first property, so you won't be able to get a loan for any commercial",  or " stick with getting the 2-4 unit as your doing, prove that you can manage something small for 1-2 years ( I will be living their) and then go after commercial. With the research I am finding, if I happen to find a property that is owned outright, there may be a chance (seller financing, Master Lease Option, etc.) 

Are there any words of wisdom for a Vet who doesn't have the best credit, and has been pre-approved for a VA loan, and FHA 203k Loan , but I really didn't think I would be able to.

Is raising money for a down payment and finding investors the only way I can honestly get into the commercial real-estate?

Any advice or referrals to Commercial Agents/Brokers would be greatly appreciated.

Thank you in advance. 

[Joseph Gozlan]

@David Noskiewicz they way I look at this you are learning how to drive by reading about it online. You could go with a Honda Civic and work your way up to an SUV, Van, Small truck and then drive a 18 wheeler or you could go straight for the trailer. 

Did some people do it, sure. Is it possible, yeah, everything is possible, you just need to be more creative along the way. 

However, if you wreck that trailer because all your knowledge so far had been from reading online, most likely the damage you will cause with it will be grater that it would be if you drove smaller size vehicles prior to that. 

My advice, take the VA loan and get into a 4-plex (live in 1 unit and lease the other 3).

It's not a 5+ but it's big enough for you to learn a lot of valuable lessons while the entry barrier is very small and doable with the VA loan.

Just my .02