One time wonder making effort to be consistent

[Sreekanth R emani]

Investment Info:

Office Space commercial investment investment in Columbia.

Purchase price: $460,000
Cash invested: $460,000

Multi Tenent office property ,got lucky on this.

Mistakes- did not refinance and invest or buy other properties and waiting until feb 2022 now the rates are high and properties are expensive and low returns.I wish I did not forget the leverage principle and keep an eye out for more properties and network so I can buy more properties.I was afraid I cannot manage them or find team to help me with and repairs or management issues so I did not buy more

What made you interested in investing in this type of deal?

Friend inspired and also desire to grow wealth

How did you find this deal and how did you negotiate it?

Loop net offered to pay cash and close fast

How did you finance this deal?

Cash

How did you add value to the deal?

Added security cameras and lights rented garage

What was the outcome?

Still holding it cash flowing refinancing the property to invest

Lessons learned? Challenges?

Keep an eye on investments and use leverage and make progress each quarter

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not in particular