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

Comments(4)

  • roboxking13th October, 2004

    Seek properties where the seller is willing to carry back financing. Make them attractive offers.

  • Birddog113th October, 2004

    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

  • commercialking13th October, 2004

    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

  • Birddog113th October, 2004

    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

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