Updated over 6 years ago on . Most recent reply
How to wholesale strip commercial property in Orange County, CA?
Hi all, I'm getting started with real estate investing and starting my focus in wholesaling. I just uncovered an off-market opportunity for a strip mall in Orange County California. NOI is about $170k annually with a 5.5% cap rate, so seller is looking to sell for about $3 million right now. What is my next step here as a wholesaler? Would I try to lock for $2.95 million, then try to flip for $3 million? Appreciate the guidance here.