Awesome insight to your investment! I can't wait to hear an update 6 months/1 year from now to see where it progresses. Keep it up!
Thank you for the response Henri. I listen to podcasts and and read tons of real estate related books (commercial multi-family related books). I was wondering if you had specific resources or books dealing with commercial office type properties or if you learned that from BP as well? Thanks again, Ryan
@Darius Howell . Thanks . Multi family is still an asset I invest in. I do passively. And it is a great asset. However, you need to always see if it makes sense in your market. It is just extremely hard to find deals in the Triangle area for Multi Family.
@Cameron Bock . I will sure provide an update as soon as there is one.
I love reading this! Inspiring. Value add can be the difference of thousands and even hundreds of thousand in your case!
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Awesome post @Henri Meli ! There's so much to take away from this article and commercial deals have some awesome perks!
Thank you for sharing, appreciate it! Nice work.
Very inspiring @Henri Meli , thank you for sharing! Congratulations!!
Great job bud. I own a similar commercial building that cost me $1.45 million. I will write a story about my journey and why I was able to improve the rent roll not unlike you did.
Fantastic! Great job on the execution!
This is a wonderful read. Great takeaways!
Awesome! Thanks for sharing, it really was inspiring!
Thank you for sharing. This is awesome!
Henri, great story and insight of what it took you to acquire an office building. I am sure the sharing of your experience into a multi-tenant CRE investment will provide positive encouragement for others to do the same.
@Jermaine Beasley . Thanks and great questions. I have been investing for about 18 years. So, went through the 2008 recession, which make things challenging to say the least. As a newbie, my recommendation would be for you to get as much education as you can and make sure to take action. "Tax basis" is definitely something you need to make sure you talk to your tax person about.
@Savannah Lewison . Thanks . Yes, definitely the returns with value-add investing can be huge. The key is to really be able to spot, and unlock the hidden value of an asset (or create value).
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