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Updated about 6 years ago on . Most recent reply

User Stats

39
Posts
15
Votes
Chris M.
  • Rental Property Investor
  • Clarksville, TN
15
Votes |
39
Posts

8 Commercial Units in Hot Zone

Chris M.
  • Rental Property Investor
  • Clarksville, TN
Posted

Had a motivated seller call to sell her recently built commercial units. Has 2 buildings with additional 2 approved.  Then, found the owner of the vacant lot next door. He's willing to sell too. Attached is the breakdown. Looks like all we lack is the 20% down. A for Effort?  Forgive the 5th grade document. 

Most Popular Reply

User Stats

27
Posts
29
Votes
Eric Lefteroff
  • Real Estate Agent
  • Renton, WA
29
Votes |
27
Posts
Eric Lefteroff
  • Real Estate Agent
  • Renton, WA
Replied

@Chris M. Not meaning to be intimidating at all with my questions but very glad if they are motivating you in any way.  Hard costs are basically the site prep costs, construction costs, tenant improvement costs, etc.  Soft costs are costs such as A&E, legal, accounting, survey & geo tech, title, insurance, loan costs, leasing commissions, fees, etc.  Hope that helps.

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