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Updated about 10 years ago on . Most recent reply

User Stats

53
Posts
22
Votes
Bradley Smotherman
  • Real Estate Investor
  • Murfreesboro, TN
22
Votes |
53
Posts

Buying equity in commercial strips....common?

Bradley Smotherman
  • Real Estate Investor
  • Murfreesboro, TN
Posted

I am a residential flipper so it isn't uncommon to pick up property at 60% of value due to people going through life changes....such as divorce, inheritance, job changes etc.

I have an interest in smaller commercial strip centers and wonder how often these types of discounts happen in the commercial world. I am thinking about doing some direct mail to try to find motivated sellers, but wanted to see if you guys find strips at a discount??

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