Evergreen - Walleye Lodge

[Shane J. Renard]

Investment Info:

Industrial buy & hold investment.

Purchase price: $124,900
Cash invested: $70,000

This is a commercial building located in the Walleye Capital of Oconto WI. I invested in the main building for the main purpose to turn this into a Walleye Lodge. Then Austin (tenant) came around and told me his story of Billmann Const. I knew he was a great fit for this property. We signed a (3) yr lease with the option to extend another (3) yrs with a 5% annual increase.

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

Awesome building

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

Off Market

How did you finance this deal?

Cash

How did you add value to the deal?

renovations and kick *** renter.

What was the outcome?

Great long term relationship with my tenant.

Lessons learned? Challenges?

Adversity.

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

Yes I worked with myself. LOL