Updated over 3 years ago on . Most recent reply
Need Commercial REI Information
Hey all! So I have an amazing opportunity to have the company I work for agree to rent a building from me! I just have to find a location that will make sense financially for them. I have focused solely on multifamily stuff, and have very little education on the commercial side. I am interested in the possibility of doing a BRRR deal with commercial space. If anyone has any information on some educational resources for commercial investing that would be great. Anyone that is in that field, I would greatly appreciate setting some time aside to talk, so I can ask some questions. Thank you BP community!
Most Popular Reply
Hi @Jacob Claxton
That is a really awesome situation you have. Your work renting from you sounds great. It's almost a type of job security in a way. Can they really fire the landlord? lol. I work in the commercial space from the financing side. It is possible to do a BRRRR on a commercial property but it is harder than on a SFR for example. If your employer is looking to rent and occupy the space right away there is not much time for renovations or value adds for a BRRRR. In this situation It is likely easier to just put 25% down and hold for cash flow if possible. With this relationship you can more easily negotiate a yearly rent increase and that will help you look better to a lender for a refi in say 5 years on renewal.