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Updated over 4 years ago on . Most recent reply

Long Wong's profile image
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Long Wong
  • Investor
  • Member since Nov 21, 2020
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19
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4
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Long Wong's profile image
Long Wong's profile image
Long Wong
  • Investor
  • Member since Nov 21, 2020
Connect
Long Wong
  • Investor
4
Votes |
19
Posts
Commercial Real Estate Investing

Advice Needed on commercial property in Oneida NY

Long Wong
  • Investor
Posted



Hi BP community. Need some creative financing strategies on the following.

Commercial property is a 10 unit (Section 8) with 3 store fronts. Property is located in Madison county, NY

Property is in good condition overall, I don't expect any rehab needed. The owner has no mortgage on the property and is motivated to sell because they are retiring and are tired of managing the property.

Ask Price: $500K
Annual Rental Income: $95K

What creative financing can you suggest so that I can buy this property with no or little money down?

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