All Forum Posts by: John Sherron

I was just told about a commercial property (Garage type setup) its about 7 units in back and a large unit that is a Church in front. Its approximately around 18000 sqft.

My father currently rents one of the units which is a large garage about 500 sqft and told me the owner is looking to do a sales contract with 10% down. I have no information other than that.

My question is, before I reach out to the owner of the property, this being my first commercial property what questions should I ask him to know this is a great deal to pursue further?

Also, in doing my due diligence what steps should I take and resources should I use in helping me make a logical decision?

Lastly, if I decide this is the deal for me, what steps should I take? Should I go with a management company to handle it since I do live 100 miles away from the property?

Thanks all in advance for any advice given!

Hey BP, my name is John, im new to investing but I have some pretty good general knowledgeable on the subject (atleast I think) but not nearly enough.

Its a pleasure and I look forward to gaining even more knowledge, talking, helping where or if I can, and possibly meeting you all.

Dont hesitate to reach out to me with any questions, comments, or feedback, I would gladly receive them!

Happy Investing, and see you all on millionaires row! 😎

My situation is slightly different from the average.

Lets put you all in my shoes for a moment and see what solutions you come up with because im at a roadblock.

Say you were an OTR truck driver that stayed out most of the year, how would you go about starting your investing career in a completely new city/state that is a 1000 miles away from where you currently live? To make matters more complicated you are not familiar with the market in this new city other than the basics like, crime stats, average home cost, average rental rate, job growth, pop. growth, etc. To complicate it even more you are NEW to investing, this is your first time doing anything of the sort.

So, what would be some of the steps you would take inorder to obtain that first property? How would you go about getting your 1st property within the next 6-8 months under these circumstances?

Thanks for any and all feedback.

My situation is slightly different from the average.

Lets put you all in my shoes for a moment and see what solutions you come up with because im at a roadblock.

Say you were an OTR truck driver that stayed out most of the year, how would you go about starting your investing career in a completely new city/state that is a 1000 miles away from where you currently live? To make matters more complicated you are not familiar with the market in this new city other than the basics like, crime stats, average home cost, average rental rate, job growth, pop. growth, etc. To complicate it even more you are NEW to investing, this is your first time doing anything of the sort.

So, what would be some of the steps you would take inorder to obtain that first property? How would you go about getting your 1st property within the next 6-8 months under these circumstances?

Thanks for any and all feedback.