Posted by carolfl on May 16, 2008 at 17:37:53:
In Reply to: Ideas for zero down multi-million apartment props posted by Don LeLievre on May 03, 2008 at 12:52:23:
but I was in exactly the same place as you 3 yrs ago. Thank goodness, Ray's Dealmaker's Guide to Comm RE was just coming out! It gave me insight into the mindset of commercial re and commercial lending.... very different animal. I can't recommend it too highly. Commercial lenders, in my limited experience, are less likely, particularly today, to get excited about deals where the buyer has no skin in the deal. However, talk to some of your local banks. Get to know what kind of deals they do and don't do. Again, Ray's material is a huge insight into this sort of thing.
Have fun!
Carolfl