2 Commercial building property in Harrison Arkansas

1 Reply

Investment Info:

Office Space commercial investment investment in Harrison.

Purchase price: $200,000
Cash invested: $12,000

Purchased 2 commercial properties off the square in Harrison Arkansas

What made you interested in investing in this type of deal?

Needed a place for my Wife's Dance Studio

How did you finance this deal?

Bank Financing with a 50% grant for the down payment

How did you add value to the deal?

Splitting the property into 2 zones through the city and improvements

Lessons learned? Challenges?

This was my first deal and the income in a bit low. I could negotiated a better price on the property

Nice work, David! You are off and running now. Have you found a tenant for the second unit?

Don't worry too much about the price you were able to negotiate, it's easy to say "I wish I could have got it cheaper."

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you