Niagara commercial Project

[Richard D.]

Investment Info:

commercial investment investment in Denver.

Purchase price: $400,000

Sale price: $675,000

We purchased this commercial property which was once an architectural firm. We held the property for two years and eventually sold and cash out our profits from the equity gained in that time.

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

I was interested in this deal because of the development I saw happening in the park hill area.

How did you find this deal and how did you negotiate it?

We found this deal through being persistent by following up with the owner after knocking on his door several times to talk with him. After finally getting to talk to him we were able to make a deal with him. We negotiated the deal through running the comps in the area and what we calculated the current market value of the property at and made a solid cash offer. Not to mention the timing, the previous owner was ready to sell.

How did you finance this deal?

This was a private money cash purchase.

How did you add value to the deal?

We added value to the deal by meeting the sellers needs, holding the property to build equity and closing on the sale in a efficient and timely manner.

What was the outcome?

The Outcome Was a Profit of $275,000.

Lessons learned? Challenges?

I learned a few lessons on this project buy one that stuck the most would be, never assume the buyer will close until it's CLOSED!