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Updated 9 months ago,
How to source commercial distress properties?
Hi y'all!
I have been investing in residential and notes in the past; but given current market conditions, CRE is the more lucrative strategy, I think. I work FT and do this part-time to the best of my ability.
A few questions.
1. If I want to get into self-storage, how do I find potential sellers?
2. How do I find distressed properties if I want empty office space?
I am looking for cash flow positive storage building in Texas, off a major highway, with value add potential, preferably in North Texas (Sherman/Denton/McKinney), Central Texas (Waco/Austin/San Antonio), West Texas (Odessa), or greater Houston area. It can be small and I expand over time.
For office buildings, Dallas has a significant amount of distressed office space with ARM loans coming due. I want to shop in the clearance aisle - how do I get access?
Thanks for your feedback in advance :)