The Little Property That Could – Part I - The Initial Purchase

The Little Property That Could – Part I - The Initial Purchase

It was a small building with a single tenant, The Medicine Shoppe.

My investing partner, Kevin had cold-called the owner and asked if they wanted to sell. 

It was 2010.  The real estate market was still in turmoil and struggling to retain its value.  The owners of the property were excited to hear from him and agreed to meet.

They toured the building and Kevin said he was interested in buying.  Unfortunately, they couldn’t agree on price and Kevin didn’t want to let the deal slip away.  He came up with an idea to get the deal across the goal line.

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