Updated over 1 year ago on . Most recent reply
dream beach town commercial investment
Investment Info:
Other buy & hold investment.
mixed use residential conversion of retail space to str units plus real estate office, two restaurants space tenants
What made you interested in investing in this type of deal?
the property was tired, needed revitalizing and had huge upside equity & income potential
How did you find this deal and how did you negotiate it?
it was listed limitedly through a few commercial sites…was actually a walk-by opportunity
How did you finance this deal?
1031 exchange from a land development deal
How did you add value to the deal?
currently converting unused retail space into residential condo str units
What was the outcome?
it’s evolving as we speak
Lessons learned? Challenges?
learning curve is in commercial lease negotiations and challenges of “island time” contractors and professional services
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
myself! i’m an owner/broker 😎
