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Updated over 4 years ago, 05/21/2020

User Stats

23
Posts
3
Votes
Jason Barnes
  • Lakewood, OH
3
Votes |
23
Posts

15 unit in my area needing advice

Jason Barnes
  • Lakewood, OH
Posted

Ok so, I have been saving and saving and finally have reached close to 200k. There is a building in my area for 700k. I would prefer to buy it alone. I own a house that’s about 140k. I have a decent job making about 65k a year I’m only 26. Everyone keeps telling me I have to have a net worth to cover the loan which I have nowhere near. I also have great credit. This would be my first property is there any way this deal could be done. How can I get a loan to cover the rest of the building price?

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