How do I prepare myself to obtain a million buck loan?

How do I prepare myself to obtain a million buck loan?

I want to preface this by saying the one thing: I do not would like to get a million buck loan at this time, but i want to get yourself a million buck loan the time that is next housing market corrects itself.

Having said that, i have determined that whenever the housing industry falls, i wish to spend a million bucks into a commercial property.

I understand that now, it is impossible any bank would loan me personally a million bucks, but exactly what are regarding the items that i will do now to improve my capacity for financial obligation?

Several things i want some insight on: need for credit history, exactly just just what experience we’ll require, variety of loan providers i ought to approach, down-payment I should have prepared, things i could do in order to appear less high-risk to banking institutions, etc.

Chris Mason (Moderator)

Allow me to preface this by saying the one thing: I do not would like to get a million buck loan now, but i want to obtain a million dollar loan the time that is next housing market corrects it self. Continue reading “How do I prepare myself to obtain a million buck loan?”