commercial building, specifically a restaurant building

[Jim Williamson]

Investment Info:

commercial investment investment.

Purchase price: $315,000
Sale price: $589,000

bought and held commercial property for 14 years

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

rented restaurant building that I was operating for 10 years. Then had the opportunity to buy the building. After much searching, was able to buy the building with zero money down. This was in 2004, I imagine it would be harder to do so today. Selling the building, haven't actually closed on it yet, and am looking to invest the gains in small multi-unit residences, and or possibly storage units in the area that we plan to retire to, which is grand lake oklahoma

How did you finance this deal?

traditional bank lending, no money down.