How do I purchase a multi-unit commercial property with little $

[Steve Hanford]

Hey everyone, I am new to the investor space but I have big goals. I like to turn old buildings into modern, useable, amazing spaces.

I have what I consider to be a great deal with a commercial property in the heart of a growing downtown area of my small town. This building is about 13,300sq. ft. and has 6 units which need a lot of updating to both the inside and out, the asking price is $129,900.

I have some great ideas of what the space could look like and sort of going with the "house hacking" strategy by turning one of the spaces into my wife's photography studio and renting the others to different business owners.

The thing that is holding me back is trying to find creative ways to 1. purchase the property and 2. finance the rehab. I don't have much to put as a down payment...

Am I biting off more than I can chew on my first go around? This just seems like a great deal with great potential.

Thanks in advance!