Updated over 7 years ago on . Most recent reply
Downtown Spokane Foreclosure turned to Office Space
Investment Info:
Single-family residence commercial investment investment.
Purchase price: $122,000
Cash invested: $210,000
Found this property as a foreclosure, with 3 offers on the table. Had 4 hours to pull together cash in order to execute on the deal. I called a friend for a private money deal to close immediately, allowing me to beat the other offers. I then worked with a great firm in town to execute on tenant improvements turning the space into the nicest real estate office in town! 8 years later, it still impresses visitors.
