Found this deal where the owner is looking to get $65k for his 1,008sqft warehouse that’s cinderblock construction Due to a lack of marketing the property has been on market for 31 days with no activity so I’m proposing the Seller finance a portion of the property to get closer to his desired price. I’m confident I can get $900-$950/mo so this is the offer I sent: -$50k purchase -$20k down -Owner finance $30k at 6% with 36 month balloon -No prepayment penalty and I pay $300/mo If he accepts I’ll only need around $5k worth of rehab (mostly paint) and I should hit around 22% cash on cash return🔥 $950 - $300 (payment) - $200 (taxes/insurance) $450 net/mo (21.6% cash on cash)

This is the first property I ever purchased back in 2021 that made me want to focus solely on the industrial/small bay flex asset class This property is only 1200 ft.² on a .22 acre lot and I was able to get it for 45,000, which now rents between $1000-$1200/mo over the last five years Way easier to manage this type of property vs SFR’s. Typical turnaround costs to get it released have historically been under $1k in repairs each time🔥 (mainly paint and OSB board replacements) What’s the best deal you’ve purchased in your investing career?

May have missed it on previous calls, but how are you conducting market research/feasibility reports when looking into new markets? Are you using software like Crexi or CoStar?

We have a full team prepared to underwrite, analyze and provide funding options for your upcoming projects! We have closed well over $100,000,000 in the last year and ready for more before yearend. If you are actively looking at a deal. Send us what you have! We will help you take a hard look at the numbers, provide our feedback & outline what funding options are available. - Up to 75% LTV/LTC on most lending options - Rates range high 5’s to low 6’s - Fixed and variable rates - Interest only options - Nonrecourse available - if you’re building or developing small bay industrial you should be talking to us 🔥 what can we get done for you? cc@culbertsonholdings.com

Officially just submitted for two grants inside of the development district where I purchased my last warehouse project The city is willing to cover 50% of the renovation cost for my proposed upgrades (up to $10k), as well as up to $3000 additional for a separate lighting grant which I’ll be taking advantage of to improve curb appeal and overall have a better product to offer future tenants I’ve attached a few pictures below of the current building and mock ups I generated to submit with my proposals. Love to hear your thoughts on if you’ve ever taken advantage of something like this on a project