Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

4
Posts
1
Votes
Shadow Skaggs
  • Investor
  • Grayson, KY
1
Votes |
4
Posts

Own 3 residential rentals... worried about funding for comercial

Shadow Skaggs
  • Investor
  • Grayson, KY
Posted

I own (well.. land contract) 3 single family homes. All rented and have been since I have owned them.

I am getting a great deal on my first commercial piece of rental property... from my parents. It is a 1700 sq building on Main St. in my town.

My LLC, I'm assuming since all properties are on land contract, has no debt, but no real assets either.

How would I best go about funding this commercial building? The building appraised for around 50k 5-7 years ago before many renovations, and I am paying 35k for it.

Thanks!

Loading replies...