Need help please...

[Oliver Monnet]

Hi everyone,

I live in Hong Kong and just starting investing in Real Estate here.

I have a very good lead, let me present it to you all.

In a commercial building, the man own a office room high floor, he bought that office for investment for a year ago, he did not touch anything in the property and put it on the market for sale with a large markup.

After a 9 months on the market he decided to lower the price, still after 4 month with the lower price no buyers.

I then come in and ask the seller if he will consider owner finance on his property as he only have a small loan that is nearly paid.

The owner said yes to owner financing and waiting for my offer.

I have visited the property and understand why the landlord have not been able to rent or sale, the place was previously owned by a church, the all atmosphere and decoration is very much like a church... so really difficult to rent it as it is for office space or similar.

I have made some research and find that in the area there is a very high demands of service offices and only a little supply.

So the idea i got with this large office space is to make some divisions and rent small offices with minimum 6 months lease terms.

I figure that i can easily have 15 small offices in the room.

Now here is where i am stuck...

This is my very first deal, and even thought i consider my self creative and motivated, i am not very sure how to present this deal to the landlord and what to do next...

The ideal scenario will be that the landlord understand my idea and finance the remodelling of the office space.

Or if i finance the remodelling, what are the security that i have as my money will be in the deal...

Looking forward to all your ideas and help guys.

Thanks

Oliver