All Forum Posts by: Jake Mead

@Leland Barrow Thank you for the advice.  I discussed this with my corporate office and they have no issue with it.  Essentially, instead of leasing my office from another building owner, I will be the owner and my company will be leasing it from me at a fair market value.  I will discuss this with a real estate attorney as well just to be sure there are no legal issues. 

@Joel Owens Thanks for your input as well.  I really didn't start thinking about purchasing an office space from a "great investment opportunity" standpoint.  I knew I needed to move to a new office and when I compared leasing to purchasing it appeared I could save my company and myself (rent is paid on my individual P&L) rent cost while paying down a personal loan on a commercial investment at the same time.  It will also allow me to control rent year to year and not require me to get into a long term rental lease with yearly increases.  I guess at the end of the day I need to determine if it makes sense from an investment standpoint, post using the space myself.  Thanks again.

Hello Bigger Pockets Community! I have been on the site for a few months now and was hoping to reach out for some advice on a unique CRE opportunity I have come across. I am looking into personally purchasing a single office space in a new South Austin office complex and renting it out to my own company. It is unique because I do not own the company, I operate a small branch of a much larger company and I am responsible for finding and renting my own office space. With office leasing being so high right now, I believe it would be better to purchase the space myself especially considering I know I will have a paying tenant for at least the first 3-5 year (Me!). My wife and I have a couple of residential buy & hold properties, but this will be our first venture into CRE. It has been tough find information regarding commercial investing on such a small scale, as the loan amount for this purchase would only be about $250k with the build out included. I am looking for any general advice in addition to recommendations for lenders or banks that deal in these much smaller commercial loans. Since I am a in a little over my head I would also love any recommendations for a good real estate attorney that could offer advice and help us navigate through this process.

Thanks!