What I do is flip houses for a profit.
A friend of mine has gotten me into flipping office spaces for rent.
I bought my first office building last year to fix up. I knew the owner from deal that went on a year ago as well as he provided to sell the office space property at a very low cost. At the time, I didn’t know much about office buildings, rentals, tenant plans, or real estate laws. My talent was buying a house, fixing all of the wiring issues, as well as hiring a realtor to sell it. I spoke with my personal realtor about the office space for rent, as well as the two of us looked at the property a couple of times. I even paid an inspector to look through everything as well as give a complete report. The locale was structurally good, but it would need some major updates in the near future. I was hesitant about purchasing the office building, but I went as well as made my offer. The owner agreed to a 7% price decrease. I closed on the office area in less than 4 nights. The whole process was easy as butter, as well as the two of us retained all of the buyers already inhabiting the space. It’s only been 5 months, but half of the office rentals are still not used. I have been advertising in every Batavia, NY circular as well as I have a small ad with a newspaper supplier. I even put some ads in the Lockport, NY papers. It’s a drive from that location, but the office area rentals are low cost. I offer the office rentals with 6, 9, or 12 month leasing options too. So that is good right?