Question on buying a commercial property

[Mikky Chanthavong]

Hi, so I'm starting out in RE investing and I have a buddy who is a general manager for a company out here in Salt Lake City, UT. They're looking for a new location and he approached me with a potential commercial property. Im looking to buy the property and lease it out to the company. Is there a way I can purchase a commercial property with low or no money down?

Any feedback is appreciated, thanks

[Brie Schmidt]

Originally posted by @Mikky Chanthavong:

Hi, so I'm starting out in RE investing and I have a buddy who is a general manager for a company out here in Salt Lake City, UT. They're looking for a new location and he approached me with a potential commercial property. Im looking to buy the property and lease it out to the company. Is there a way I can purchase a commercial property with low or no money down?

Any feedback is appreciated, thanks

 Commercial financing will require 20%-25% down

One of the qualifications is experience, so if you do not have any you may need to partner with someone who does.  

I had friends looking at a commercial property and had 25% down but the lender would not lend to them because they did not have a lot of experience in the business, so they asked me to join the LLC and be a partner so they would get approved - so that could be a challenge for you