Commercial Real Estate Hack

[Konnor Lange]

Hey Everybody,

I’m completely new to commercial real estate investing but there’s a deal that popped up near me that I believe has some potential for a double “hack.” This building is ~$240,000 with two large units on the bottom. 1 is an office space that currently leased for ~$1,000/month. The other is vacant retail space. Both about 2,500 square feet. There is then about 4,000 sf of space on the top floor which would be developed into two apartments. I currently have a small business that is looking to open a satellite retail location which I could plug into the vacant space on the 1st floor. I would also be able to move into one of the developed apartments on the top floor. I’m really just looking advice on how to structure the deal. I only have about $15,000 cash but I’m very confident I could get enough for a down payment from friend investors. I’m assuming the entire deal would cost around $325,000 with the apartments. Are there any financing avenues you guys would recommend for me for a deal this size?