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Updated about 6 years ago on . Most recent reply

Jonathan Salcedo's profile image
Jonathan Salcedo's profile image
Jonathan Salcedo
  • from Southern California
  • Member since Dec 28, 2018
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Jonathan Salcedo's profile image
Jonathan Salcedo's profile image
Jonathan Salcedo
  • from Southern California
  • Member since Dec 28, 2018
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Jonathan Salcedo
  • Southern California
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Commercial Real Estate Investing

How to wholesale strip commercial property in Orange County, CA?

Jonathan Salcedo
  • Southern California
Posted

Hi all, I'm getting started with real estate investing and starting my focus in wholesaling. I just uncovered an off-market opportunity for a strip mall in Orange County California. NOI is about $170k annually with a 5.5% cap rate, so seller is looking to sell for about $3 million right now. What is my next step here as a wholesaler? Would I try to lock for $2.95 million, then try to flip for $3 million? Appreciate the guidance here.

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