Develop strip mall or plaza Keller TX 76244 along I-35W & RTE 377

[John Van der Kieft]

Advice on investing in strip malls needed.

What would be a good first investment? I have no experience in CRE or strip malls/plazas...

Market: Keller TX area along I-35W and RTE 377.

Strategy:

1. Invest in unimproved land?
2. Pad Site?
3. One unit in existing property?
4. Multiple units in existing property?
   
5. Rehab older property site?

[Martin Z.]

"I have no experience in CRE or strip malls/plazas" 

I would shy away from high risk deals to begin  without having knowledge and experience.

To begin with, I would probably go with stabilized property, multi family with minimal rehab needed, or retail that isn't too much on the value add side.