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Updated about 1 month ago on . Most recent reply

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Blake Bailey
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5
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First time investor potential deal

Blake Bailey
Posted

Hey guys, my name is Blake Bailey and I'm 25 years old. I've been a real estate agent since August 2025 but my long-term goal is to become a full-time investor. I'm trying to figure out how I should fund this potential first deal I have found. it is a large building that is zoned Industrial and was used for a pool business and also was a small church for a few years. I am buying directly from the owner off market and he only wants the tax assessed value for the property. Just wanted to see how you guys think I should fund this deal. Should I possibly see if he will seller finance? Should I see about doing DSCR? I also own my home outright and could do a HELOC or should I just maybe even do conventional I also am not sure if I should leave it zoned Industrial and rent it out to a business or church like before or if I should rezone it residential and split it into a two unit Apartment just totally new to this and have been studying and learning as much as I can and just wanted to put this out there to see what you guys think about how I should maneuver this potential deal. Any advice is so appreciated. TIA!!

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