How to buy a commercial property with no money down?

[scorpiox]

I dont have the greatest credit, and the seller is very interested in selling ASAP. Property value is around 450 - 550K. Rent would b around $3000 for that size of unit.



The seller is willing to work with me to sell the property. What kind of strategy can i use to purchase this property.

 

[dennis65]

I think you can look for investors, partner, investors groups and join venture group because they have some good ideas and views. Also you can check out real estate classified for more info.

 

[invst4profit]

Purchase price to rent ratio is not good on that property. $450,000 is way to high at $3000 per in rent.

It needs to drop about $100,000 or walk away.

 

[ChrisDavies]

What type of commercial property? If you were looking at retail or office and were getting $3k on a triple net lease that'd be ok.

 

[scorpiox]

The property is on 2 lots. One side is a Cement Garage Building. It has 2 Garage Doors. its for a Automotive shop. Possible to split into 3 different units. The lot beside it is mainly for entrance and parking.

 

[Crispin]

Thanks for sharing this.I read this and totally agree with you.



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