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Updated about 2 years ago on . Most recent reply

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Lindsay Saewitz
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Surfaced some off-market buying opportunities

Lindsay Saewitz
Posted

Hello! 

I'm working on a business plan to open a small event space in Chicago. I've been mostly looking in Logan Square (my neighborhood) and Bucktown, and a few surrounding areas (Avondale, Humboldt Park, etc.). Ideally looking to convert a first-floor retail space or a stand-alone building that's approximately ~1,200 to ~1800 sf.

I've read Bigger Pockets and am hoping to be able to "creatively finance" my first buy at some point soon, but for now, I'm still hoping to rent to test the concept and make sure I'm into it and hopefully get some cash flow to make the future buying easier. That said - I could be convinced otherwise if someone out there wants to partner up ;) 

Anyways - in addition to finding properties for lease the traditional way, I've been canvassing neighborhoods and calling on any building that looks like it has vacant retail space. I've surfaced a BUNCH of off-market opps for sale. Turns out, I'm good at digging this stuff up! Always thought I'd make a great PI.

I forget what it was called in the book, but isn't there a way I can broker these out to other buyers or somehow monetize the opportunities I'm not going to move forward with? 

Thanks community! 

Lindsay

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Henry Clark
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#1 Commercial Real Estate Investing Contributor
  • Developer
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Henry Clark
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#1 Commercial Real Estate Investing Contributor
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Replied

Use the lookup function above.  Do Commercial wholesaling and see prior posts.

  • Henry Clark
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