Buying equity in commercial strips....common?
I am a residential flipper so it isn't uncommon to pick up property at 60% of value due to people going through life changes....such as divorce, inheritance, job changes etc.
I have an interest in smaller commercial strip centers and wonder how often these types of discounts happen in the commercial world. I am thinking about doing some direct mail to try to find motivated sellers, but wanted to see if you guys find strips at a discount??