Partners to help fund commercial deals
We are new to BP and trying to learn more about the rental property business! We are working with a realtor and looking at residentail properties we would use as rentals. We also want to move towards multifamily and other commercial deals in the future. Looking for advice on ways to get that first deal done! Looking to potentially purchase a 5 unit older strip mall in a residential area. We have lots of ideas for the spaces that we think would add tremendous value to the surrounding community. Could also add recreation opportunities. How do we get started? We would need a couple of investors and bring the value of the property up (it has been empty for awhile). How would we find potential businesses willing to move in? Would we wait for the businesses before we build out the space? Or do we build to suit on the interior and focus on fixing up the exterior first? Any thoughts appreciated!! Seeking other like minded investors willing to help with financing if we roll up our sleeves and do the dirty work!