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."
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