Want To Flip A Strip Mall To An Investor Without Using My Money Or Credit

Hi all,

I am use to investing in residential properties by subject 2 deals and any other mthod where I have to use my own money or credit. Now I have an investor who is interested in purchasing a commercial property such as a strip mall with about 9% cap rate.

I do not have a property available, but I am searching for one. I would like to know how can I ensure I get him a good deal andat the same time be able to profit handsomely as well.

What are the #'s that I need to look for. His budget is $2Mil, however, in order for me to profit I know I must look for something that is less in price.

Please supply as much tips and creative advice as possible. Such as all the #'s to consider and why, and how can I make a good profit off it as well, and what type of deal needs to be done to achieve this.

All comments welcomed and appreciated.

Thanks!null

it was suggested to me in a similar situation to use an option to buy to tie up the site which negotiating the final sale.

Your saying I can use an option agreement to get around the whole "not being a broker" thing? anyone out there actually done this? I have with residental but not comm.

what I mean is... will a broker or seller bother with an option agreement with "lil 'ole me"?

[ Edited by bobhope on Date 08/24/2007 ]

yes, in any real estate investing you can legally do that. You have a vested interest so your not acting as a broker or agent.