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Updated over 1 year ago on . Most recent reply

Buying my first commercial property.... Is this a good idea?
Buying my first commercial property. $1.8 million / 30,000 sqft / annual rent $175,000 .
Currently negative cashflows $4k a month on a new 20 year term loan at 10% and 20% down.
But, currently only half the space is rented out.
Talk to me, please
Most Popular Reply

I used to have a boss who would say " If there's doubt, there is no doubt" I think that applies here.
Questions that come to mind for me:
How long can you float the -$4k/month?
How much experience do you have finding and vetting retail tenants?
How much do you understand the drivers of a successful long term retail business?
What's your investment thesis for infilling the vacant sq footage w/ a tenant that will compliment the existing tenant?