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8 September 2018 | 4 replies

https://www.va.gov/osdbu/programs/

David Gore Lease Option Strategies for Commercial Office Building

28 August 2018 | 0 replies

I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?

Ajeenah Wilkins Start up money for a newbie investor

30 August 2018 | 15 replies

@Ajeenah WilkinsHi I would honestly save up aggressively while learning for few months to year and take advantage of FHA or 203k or other low down payment options programs and house hack (allow offset mortgage), while buying a house that will allow you to have quick equity (Look up BRRRR) if done correctly.