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    Renting & Real Estate

    Question

    how can i borrow a million dollars?
    Please try and take this question seriously, I'm just curious and asking a question I don't think it'll ever be possible for me and i probably wont attempt it, but hey i can ask right? If i wanted to buy an old Inn or building in a college town and rent it out to students, would the bank even loan me 1 million dollars to buy the property?? What are some of the steps and procedures and approvals i'd have to get?
    a few seconds ago 2 Answers

    Best Answer

    If you can put $250,000 to $300,000 down payment and if you have excellent credit, and can show that you can make the payments with a 10% vacancy factor....I'd say there is a good possibility. If not, not a snowball's chance in hell. Also it would be helpful if you could show that you've had past experience in managing a similar type of enterprise.
    a few seconds ago

    Other Answers

    • Sure, if your credit and income would support it - no problem. Just talk to a lender about requirements.

      by MKEisfun - 18 hours ago

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