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Updated over 6 years ago, 07/11/2018

User Stats

25
Posts
12
Votes
Travis Salley
  • Rental Property Investor
  • Hattiesburg, MS
12
Votes |
25
Posts

Question for commercial lenders or brokers

Travis Salley
  • Rental Property Investor
  • Hattiesburg, MS
Posted
Hey there, Right now I have about 50k in equity on my rental. I am trying to save up another 50k within a year or so. I would like to sell my property and put 100k down on my first apartment building for around 1,000,000. My question is is this a realistic goal? It looks like many commercial loans require 20 percent down, but I have seen some for 10 percent. Any advice or things to think about would be greatly appreciated. Thanks!

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