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Condo units for Investment

(5 Posts)
Purple999Red Tue 28-Feb-17 05:02:06

Maybe almost everyone here is so familiar about AirBnb? We wish to be a part of that online market service, which offers rental of short term lodging or vacation rentals. In connection with it, my family here is thinking of investing into a condo and have it rented by travelers However, we lack the cash amount to pursue that plan. A friend advise us to apply for a commercial real estate loan or a business loan? Are you familiar about it? Are there lending companies that will give us a loan in
as much as $100,000? I appreciate your thoughts about it.

RosalynneSnelling Sat 04-Mar-17 02:52:07

Hi. Have you checked with your bank? Sometimes they offer low interest rates.

Purple999Red Mon 06-Mar-17 04:11:18

Yes, the bank offer loans but I would prefer more options before closing it. I am actually considering commercial real estate loans being offered by credit union or private financial companies.

www.calcoastcu.org/borrow-business-loans.htm

UsedToBeAPaxmanFan Mon 06-Mar-17 04:17:23

What is a condo?

specialsubject Mon 06-Mar-17 17:47:35

Flat in american. But I think this is just a spammer who thinks .com equals american site.

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