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May 6, 2015
9:52
:47
pm
SanFran
I bought a 3-bay auto repair center in Orem. I was putting 25% down, but
the banks wanted wouldn't even consider it because it was "specific use."
You are probably right about the banks not wanting to loan a small amount. Your best bet would probably be a home equity line of credit.
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SanFran
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SanFran
Joined
Sep 2, 2012
Last login
Aug 28, 2024
Total posts
1,319 (86 FO)
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Messages
Author
Time
Anyone purchased commercial property before?
shatter2
4/24/15 6:41pm
A couple tips
donnerstag
4/24/15 6:52pm
Title insurance is pretty cheap if encumbrance is a concern.
ClackamasCoug
4/24/15 7:01pm
Also, what differences are there from a home purchase?
shatter2
4/24/15 7:06pm
I'm not sure you can find anything for that price...where r u
34power
4/24/15 8:46pm
North of Fort Worth, TX
shatter2
4/24/15 8:52pm
RE: Gotcha. Yes you could achieve that price in that market
34power
4/24/15 9:01pm
I've bought commercial before. Financing was tougher than I
SanFran
5/6/15 9:15pm
What was the property like?
shatter2
5/6/15 9:28pm
I bought a 3-bay auto repair center in Orem. I was putting 25% down, but
SanFran
5/6/15 9:52pm
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