Posts: 200
Threads: 0
Joined: Dec 2013
What do you need to get a Million bank loan?
01-30-2014, 05:16 PM
^What about a commercial mortgage? What's to prevent a guy from buying say a $10 mil apartment building by owner financing 30%, borrowing the difference and then skip town sipping pina coladas in Brazil for the rest of his life? Yes, I have actually considered this haha.
Posts: 17
Threads: 0
Joined: Sep 2013
Reputation:
0
What do you need to get a Million bank loan?
02-01-2014, 07:13 PM
anybody got any ideas on books to help start your own property business,buy to let,building your own house etc,starting from the beginning so any help appreciated it,just to add to this discussion,he's right when says it depends on the credit score,my ex worked in a bank in the loans department,and she said that if your credit ratings excellent they will open up champagne bottle when you arrived,poor credit rating you wont even get a coffe,your credit rating is the key,so make sure you don't miss a small credit card payment it could cost you your big idea and loan,5 years down the line.