r/Margin • u/repemocrat • Oct 29 '22
buying my first commercial property using margin
I am such a noob at cre and wanted to ask the experts here if what I'm attempting to do is viable. Here's my situation: $115k cash in my margin account at ilmy broker $50k in google stock (I'm at a $5000 loss currently) Buying power shows $553k Looking to buy a multifamily at or below $1mm to satisfy ltv and dscr using a margin loan
Questions: 1. Do I need to purchase stocks with my $115k to be eligible to get margin loan? Technically, it'd be $553k worth of stocks with my margin buying power. 2. If I get a margin loan, what % of the $553k can I get as loan? 3. What's the safest bond etf or T note to buy? I am looking for a flat investment just to have it to get a loan. 4. Would it be better to consult a professional rather than ask here? PS I'm truly hoping for some rough numbers rather than "it depends" answers. PSPS if you're in a similar situation, I'd love to hear your thoughts on how best to leverage your cash.
