Hey everyone,
From my research I have discovered that the value of a multi-unit property is defined by the income of the property itself. For those of you experienced in multi-unit residential purchases, if you negotiate an offer with the seller and draw a plan that will increase the active income by 5% within two years (for example), how much more likely is it you can obtain a commercial loan with virtually no credit?
This is the situation I am in. I am not too worried about down payments, because I have contacts and can find more that will be interested in financing my deals if I draw up a good management plan.