Commercial BRRRR Project in KCMO
Investment Info:
Office Space commercial investment investment.
Commercial BRRRR project in the works. Potential to pull all of my money out along with an additional 500K in my pocket once we refinance. TAX FREE!!!
What made you interested in investing in this type of deal?
We specialize in residential and commercial BRRRR projects. The property was prime for that strategy
How did you find this deal and how did you negotiate it?
Pocket listing with realtor
How did you finance this deal?
cash.
How did you add value to the deal?
We did a full rehab and marketed it for rent to specific businesses for maximum value
What was the outcome?
still to come...
Lessons learned? Challenges?
Negotiate seller financing for commercial to account for the hold time and additional cost of rehab. make sure you fully understand the sellers pain points to resolve that issue and try to build a relationship rather than simply trying to negotiate a bottom line. Try to connect with the seller and speak to the realtor less. Patients in commercial is key, fully understanding your holding cost to ensure you will not become motivated was very beneficial on waiting for the right tenant.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My commercial agent is the best in the business. If you don't want to miss anything in the due diligence period you want to work with her. Message me for a referral!