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Updated almost 3 years ago on .

User Stats

2,893
Posts
2,329
Votes
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,329
Votes |
2,893
Posts

From ugly to sterile and a cash cow

Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Posted

Investment Info:

Other buy & hold investment.

Purchase price: $4,100,000
Cash invested: $1,400,000

Medical office

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

Own another nearby - hunted for a year. Drove up there fifty times, Talked with commercial brokers who would show me deals. Then I found my

How did you add value to the deal?

Total interior rehab

Lessons learned? Challenges?

Be willing to learn. I now know everything about LEED Certified buildings and systems to prevent bacteria growth in water systems, HVAC, every nitty gritty down to doorknobs