Rental Property Investor · Cedar City, UT · Member since 2016 · 209 posts · 45 votes
Investment Info:
Retail commercial investment investment.
Purchase price: $515,000 Cash invested: $90,000
We decided to purchase Main Street Retail strip mall.
What made you interested in investing in this type of deal?
Positive Cash flow each month
How did you finance this deal?
Down payment was from positive cash flow from our other investment properties.
Lessons learned? Challenges?
The challenge to using a bank is all the hoops you have to jump through. After establishing a trust with a local bank, our future deals will be easier to finance.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Our realtor is also an investor, so we do not have to explain to him what we want in a deal.
Rental Property Investor · Kaysville, UT · Member since 2017 · 141 posts · 120 votes
7y
@Jacob Anderson, congrats on a sweet deal! Show us the numbers! We want to see CAP rates, Cash-on-cash etc. and any other info you want to share! Again, Congrats!