Great questions. So it’ll definitely be hard to qualify for a loan with $18k cash-on-hand. This is because you’ll typically not only need to cover 20% of the purchase price as payment but lenders will also want to see that you have enough cash to cover your mortgage / business’s operating expenses. Sometimes they’ll like to see as much as 6 – 12 months cash on hand.
However, all is not lost. There are loans out there that require less than 20% down and have fewer requirements for approval. Further, these loans can finance either a business or a real estate property, or both.
You could also look into hard money loans and private money loans. Both of these are short-term loans, but they’re easier to qualify for and gives you time to meet the more stringent qualifications of a permanent loan.
Hope this helps!