The property’s existing long-term tenants provided immediate cash flow, while the potential to build out the lower level for my restaurant, Arbol Eatery, and additional amenities like a wellness center and event space aligned with my vision for creating value.

The property’s existing long-term tenants provided immediate cash flow, while the potential to build out the lower level for my restaurant, Arbol Eatery, and additional amenities like a wellness center and event space aligned with my vision for creating value.

By demonstrating my commitment to revitalizing the property and emphasizing my ability to close quickly, I secured favorable terms that aligned with my investment goals.

Do I need to draft a new lease with the tenant, or can I continue with the existing one?

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.

There are less lenders that do this but they exist.

To name a few factors: your time commitment, ability to focus on marketing & sales, your network...As a current business owner, you may already have a pretty good starting point.Most agents close 1-2 deals their first year (if any)...

In the meantime, wholesaling could be a great way to make some cash, learn the ropes, and build connections without a huge financial commitment.

Please at all costs do not commit mortgage fraud based on the advice of someone who will deny they ever spoke to you about any such thing if all hell breaks loose

Additionally, the flexibility to use the units for housing existing commercial tenants during repairs added strategic value and aligned with my broader portfolio goals.