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All Forum Posts by: James Felitti

James Felitti has started 1 posts and replied 1 times.

Post: Investing in equity of building

James FelittiPosted
  • Realtor
  • NJ
  • Posts 1
  • Votes 0

Hello all! 

While in the market for BRRRR property and came across a deal for single 800sqft office space unit in a 4 unit building. Available to purchase for exactly how much cash I have to invest, 40k. Long time tenant (and previous unit owner) retired and moved. I would have to find out exactly how I would be allowed to refinance, or an exit strategy- but really, I'm curious if its not such a bad idea to park my modest cash savings in this for the immediate cash flow, while I look for that BRRRR deal.

Thanks in advance for your time and any advice.