Properties Over 1 Million Dollars
Hey guys,
I'm trying to crack into the commercial property buy and hold (cash flow is a little better than a 3 family.) My question is this. I don't have all that much that I am able to put up, (50,000-100,000) I am seeing some properties on MLS that i would love, but 30% of a million is 300k and thats about 3 times more than I have to offer. How can I creativly approach these properties, where the cash flow would be very woth the risk
Seek properties where the seller is willing to carry back financing. Make them attractive offers.
Ok, so Give them the 50 or 100k, and have them hold a second mortgage of 300k or what ever the amount is, for the down payment
Birddog,
What sort of million-dollar properties are you looking at? Apartment buidlings? Stores? Some seller financing is always a good way to reduce your downpayment.
Mark
Well,
There are actually a few that I am interested in, and range from 1-2.5 million.
Some are apartment units, and Others are mixed use, and others are strip malls and store fronts. These is not really one specific one I am interested in, but many different ones that are appealing