Investing in commercial property - Posted by Dan

Real Estate Investing
1

Posted by Dan on January 06, 2003 at 08:54:37:

Thanks Ray, I will read the articles and proceed with caution.

Dan

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Investing in commercial property - Posted by Dan

Posted by Dan on January 05, 2003 at 11:32:44:

I am interested in investing in commercial property. I would like to do this with no money down, since I do not have any money anyway. My question is has anyone had any experiences where a lender might lend 80% of value with the seller carring back the balance of 20%? A followup question the lender financing 80% and the seller carring back 30%, providing the property would support this arrangement. Am I dreaming or are these scenarios a possibility? A little background a couple years ago I had a group that would buy pending foreclosures on contract, rehab then sell; but the group broke up and now I am trying to restart the venture. So money is extremely tight at this time. Thanks for your time.

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Re: Investing in commercial property - Posted by ray@lcorn

Posted by ray@lcorn on January 05, 2003 at 20:02:33:

Dan,

Be very careful with what you are thinking.

Is it possible to do 100% financing? Sure it is. But it’s a very sharp tool that cuts both ways.

I just wrote an article on this very subject. You can find it (along with a lot of other great articles) in the How-To Articles section of the website, available through the link on the menu at the top left of the newsgroup. The direct url to the one on 100% financing is http://www.creonline.com/articles/art-203.html

ray