First Income Property

[Alex Stern]

Investment Info:

Other buy & hold investment in Berino.

Purchase price: $405
Cash invested: $45,766

1 - office
1 - 2br apt
3 - garage buildings
28 - storage units
1 - retail

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

property was big enough to cover all expenses without 100% occupancy

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

found it on MLS, Negotiated down from 425K to 405K

How did you finance this deal?

Traditional SBA bank loan