Hello,
I have two properties I currently own outright, and have owned for several years. Both spaces were acquired inexpensively at the time of purchase as shells, which I've restored and renovated myself into two pretty decent income producers.
One property is a 7,000sq/ft commercial space with a national brand tenant on a 5yr NNN lease netting 8k/mo.
The other property is setup as 3 luxury vacation rental units, which nets on average 20-25k/mo. (30k+ on peak tourism months)
Both properties have very little overhead, and since they were able to be bought in cash (<150k/ea) the taxes and general operating expenses are low comparatively.
I have been in the boutique development space now for around 10 years, and feel comfortable enough at this point with my positioning that I've begun working on plans to do a larger development project. Unfortunately, I missed the latest window on great rates - but would still appreciate some guidance as to how I can best position these resources to maximize my liquidity potential.
I've always been generally debt adverse, and prefer a quality over quantity, low and slow approach. At this time however, I feel it necessary to build confidence in the realm of leveraging. I just don't really know who is best suited to discuss my offering with. Preferably I'd keep the business within a single relationship.
I have been developing plans for something in the hospitality space here locally that I strongly believe will be both well received by the community, and lucrative.
Anyone willing to offer a suggestions toward the best path for navigating my goal are welcomed and much appreciated!
