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Updated about 7 years ago on .

User Stats

45
Posts
12
Votes
Austin James
  • Investor
  • Ogden, UT
12
Votes |
45
Posts

First commercial property help

Austin James
  • Investor
  • Ogden, UT
Posted

okay so I have flipped one home that was easy I needed to buy my home for X and rehab for X and sell for X to profit X.

This new opportunity came across for me and I just don’t know how to make it pencil.

Building is 

$150,000

Rents right now for 800 which I think is atleast 200 to low. 

If I can’t make my mortgage on it 799 a month and it rents for 800 that’s a positive venture right? 

Also do commercial loans go 30 years?