Commercial Mixed Use In Bayonne

[Franky Juwana]

Investment Info:

Other buy & hold investment in Bayonne.

Purchase price: $500,000
Cash invested: $509,000

Mixed Property has already has tenants which have been living in the property for 10 years

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

Cash Flow

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

Real Estate Agent Listing

How did you finance this deal?

1031 Exchange

How did you add value to the deal?

Just continue the lease, work cannot be done while tenants still living there on the property

What was the outcome?

The transaction is pretty smooth.

Lessons learned? Challenges?

Find a good attorney is a must, this will make the transaction goes little bit smoother.

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

Yes, the agent is very professional and yes I would recommend him to others.