I went to try to get a loan for a commercial building where I did have the 20% down payment and good credit, and they said I still need a cosigner.
Our company pays more to lease than the it would cost to own a building.
At this point I plan to just re-new the lease and then maybe I can find someone in the future who wants to go 1/2 in with me on the down payment since the business makes enough money to pay the monthly cost of the loan, and then I can either buy him out or sell the building when its paid off. Really sucks that no one is lending...
Our company pays more to lease than the it would cost to own a building.
At this point I plan to just re-new the lease and then maybe I can find someone in the future who wants to go 1/2 in with me on the down payment since the business makes enough money to pay the monthly cost of the loan, and then I can either buy him out or sell the building when its paid off. Really sucks that no one is lending...