All Forum Posts by: Jacob Estetter

I found this 3200sq ft commercial property with 9 parking spaces for sale in Drain OR. I talked with the owner, she lives in Texas, and is willing to take 80k Cash to just get rid of it (they used to own an antique store there but its a big space, she says you could divide it and make offices or something. She says it was appraised at 142k, zillow says its worth 198k. I'm a new wholesaler who was looking mostly for residential property, but what should I do?

Do people buy commercial property as investments generally or no?  I posted this in the market place too in case somebody who'd be interested sees it.

3200sq ft commercial property with 9 parking spaces for sale in Drain OR.  I talked with the owner, she lives in Texas, and is willing to take 80k Cash to just get rid of it (they used to own an antique store there but its a big space, she says you could divide it and make offices or something. She says it was appraised at 142k, zillow says its worth 198k.  I'm a new wholesaler who was looking mostly for residential property but this looks like an amazing deal! HELP!

@Chris Colvard Thanks for these, I've been looking for high and low.  Definitely going to have them looked over by a local attorney also.

Cheers!

Thanks guys!

And thanks again for all the information!

Hello from Humboldt County! Specifically Eureka. My name is Jacob and I'm brand new to REI but I have a background in sales and marketing; I used to work for a company that provided internet advertising and websites to realtors. I currently work and have worked construction for the past ten doing tile, perfect granite countertops and other masonry like brick, and natural stone. Hopefully that will come in handy doing estimates/analysis!

I'm getting together a wholesaling business.  My goal is to get enough money wholesaling that I can eventually start buying some rentals to help build up cash flow to invest back into marketing/the business.  The market is small up here and funds are tight but I've been busy.  Right now I'm getting my marketing going and building up my network, specifically a buyers list because I don't have the time to do a rehab at the moment.  But I'm sure when I find deals, they will come :D  Right now I'm advertising on C-list, and looking into estate sales, as well as some other more traditional advertising.

I'd also like to say THANK YOU to all the people at BP that have taken the time to share what they know.  Your help is greatly appreciated and even though I haven't wholesaled a single thing yet, with out you I wouldn't have made the progress towards this I have.  And I'll let you know when land one!

Thanks,

Jacob