All Forum Posts by: Travis Salley

I sincerly appreciate everyones advice. It looks like the consensus is to lower the price. Im sure i can find great deals in the 500k range.

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!

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!

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!

Cassidy,

    The tenants in my property have filed bankruptcy and so far they have been great. When I screened them, I asked the circumstances of the bankruptcy and their current financial situation. Turns out the bankruptcy was due to overwhelming medical debt. Since the tenants had a great income I decided to take a chance on them. They have lived in the property for about a year and I have had no issues.