This week Chris and I wanted to bring to life some of the due diligence and analysis process that forms part of our approach to commercial property investing.
This opportunity we have captured has come about because we stuck to those principles I shared in last week’s post. If you missed it you can catch up by clicking here
With that said, this video provides a nice follow up to last weeks post and helps bring to life some of things I referenced, for those interested. I outlined in that post the approach we are taking to our commercial property investing ie following our D.I.C.E model that I’ve written about in my book.
Whilst there are plenty of vacant commercial properties for sale that we could go and view and try to figure out what to do with, we have instead chosen to invest our energies in first finding the end customer, and then go out to help create a solution for them. Yes it takes a good deal of leg work to originate an opportunity and then to try and line everything up, but the end result we are striving for creates a much sweeter investment.
Here we are following a walk round with our trusty plumber and electrician who were helping us gauge how easy/hard it would be to split and upgrade the services. [If this is of interest then worth also looking out for the videos and photos Chris will be sharing as he’ll give you an insight to what his expert builder’s eye picks up].
Certainly feeling excited about this one but a lot of leg work still to do.