My first commercial building investment

[Trent Dyrsmid]

Investment Info:

Industrial fix & flip investment in Garden City.

Purchase price: $1,300,000
Cash invested: $130K down + $140K in improvements
Sale price: $2,000,000

Here's a quick video overview of the experience we gained owning this building:

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

I wanted to start learning about being an investor.

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

Found via broker.

How did you finance this deal?

10% down plus SBA loan

How did you add value to the deal?

We fixed a long list of things that were wrong and raised rents.

What was the outcome?

We generated a gross profit of approximately $700,000 over two years.

Lessons learned? Challenges?

Don't assume tenants that are paying under market rents will stay when you raise their rent to market rates.