Bought a 5 unit storefront in Rogers Park
Just bought a 5 unit storefronts in Rogers Park, IL. Property is cash flowing some although it was zero down payment with 100% financed as a commercial bank loan.It is good to be part of Bigger pockets for advice, just look for others view points and help you grow as an investor. I am optimistic about the growth of this neighborhood also although it is a cash flowing property and I am not counting on appreciation alone.
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@Atul Mohlajee
congrats! essentially you got a free cash flowing retail property! you must tell us more. curious to know did the apprasial come out higher than PP or was this cross collateralized, or bank owned property that they wanted off their books?