How Can I Finance This Deal.

I currently looking into a small 3 unit shopping center. Its currently 2/3 rented. The main tenent is a Convienience Store leased till 2011, they been there for about 2 yrs $1500 a month . The 2nd is a beauty supply shop on a month to month lease $300 they been there about 6 months. The third is currently vacant i needs rehab to lease its about 500 sq ft. The convenience rent will go to $1800 in oct. Tennant pays their utilities,upkeep and water. Expenses are around $5000 yr and the conversation i had lead me to believe i can get the property for around $80,000. Is this there anything im missing as to why this is not a good deal? How can i get
commerical financing for $80,000?

So far as Commercial Lenders go, most have minimum loan amounts of $100,000, $250,000, and many are higher than that. For $80,000, you'll have to go to a local Community Bank. Keep that in mind as your exit strategy as well. If you keep this property for a few years and want to sell, will the next guy have trouble getting a loan simply because the dollar amounts are too low???

So far as Commercial Lenders go, most have minimum loan amounts of $100,000, $250,000, and many are higher than that. For $80,000, you'll have to go to a local Community Bank. Keep that in mind as your exit strategy as well. If you keep this property for a few years and want to sell, will the next guy have trouble getting a loan simply because the dollar amounts are too low???

So far as Commercial Lenders go, most have minimum loan amounts of $100,000, $250,000, and many are higher than that. For $80,000, you'll have to go to a local Community Bank. Keep that in mind as your exit strategy as well. If you keep this property for a few years and want to sell, will the next guy have trouble getting a loan simply because the dollar amounts are too low???

would a local bank a finance this property?

Is the building in perfect condition? If not there may be funding available. Let me know.

I want a "silent partner", 630 credit score required, No money down at all, for some foreclosures in my area. I have lenders in place, just need a credit scoring partner.

Lets do each other a ....

Acolns, email me with more of what you are seeking in a silent partner. I may be able to point you in the appropriate direction, with a fast answer. ****Must participate a while before posting URL's***axwell@mac.com

Acolns, email me with more of what you are seeking in a silent partner. I may be able to point you in the appropriate direction, with a fast answer. ****Must participate a while before posting URL's***axwell@mac.com

try this again, lol
****Must participate a while before posting URL's***axwell at****Must participate a while before posting URL's***

try this again, lol
www.hailey.maxwell at http://www.mac.com