Congrats on winning the bid!

If you want a risk big and win big proposition, that's Grandma Millie's Sewing Shop. 

Investment Info:

Retail commercial investment investment.

Purchase price: $125,000

Cash invested: $125,000

A while back, I found myself with an intriguing opportunity: a property priced at $125,000 t...

That's a big win for me because, generally, when you're evicting, the tenant stopped paying rent.

I met the owners during the walkthrough, and ended up hitting off with them, and they wanted me to win the property in a multi-offer situation.

If you're local housing authority is decent to work with and you screen your people well section 8 can be a win for everyone. 

That typically means doing value-add projects that you can refi out of afterward and/or using normal monthly savings to pay it down.Using a HELOC to 100% finance something is not a winning strategy.

Ultimately, pricing wins the day, so at a certain price it'll lease.

Lenders in the RE space aren't the healthiest right now in my opinion and need some stable wins on their balance sheets.

If you saw the issue and chose to close on the property anyway, that’s going to be a tough case to win.