How to develop CRE with very little capital

[Bradley Bissett]

Hi BP. I am interested in purchasing a commercial property. It’s a great location which is why I want it. Bc of my lack of cash I am planning to obtain a buyers option on the property and seek investors and research franchises, all my options and due diligence, etc....well on my way in those arenas- however say I get the place for $100k and have the property ready to negotiate w a franchiser or equity partner...what’s my game plan? My goal is to own great real estate and rent it, not run another business or be involved. Any guidance as to how this could play out would be much appreciated. Thank u BP Nation. -Brad

[Jay Hinrichs]

first thing to do is see if the seller will let you tie up their property while you work on your dream.

if its not a high demand property and they have a kick out clause.. that might work.