Brooks & Co.

[Patrick Brooks]

Investment Info:

Office Space commercial investment investment.

Purchase price: $250,000
Cash invested: $50,000

Purchased with seller financing for my own office but may lease out to tenant

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

Business purposes

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

Wrote seller letter and called, i negotiated with his agent and lined out terms of loan.

How did you finance this deal?

seller carry

How did you add value to the deal?

renovations

What was the outcome?

still holding and using for office space for brokerage

Lessons learned? Challenges?

tax advantages of owning commercial property

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

I am the real estate licensee