Entrepreneur Eyes Dilapidated Commercial Building for Property Management Hub

A local entrepreneur, Shayne McKinney, recently showcased a large commercial building he is in negotiations to acquire for his property management company. The extensive property, currently in a state of disrepair with visible roof leaks and scattered machinery, is being considered for a unique 'no money down' acquisition strategy. McKinney plans to count the significant repair costs as the down payment, with the remaining balance to be paid off in a balloon payment after five years. This approach aims to secure a substantial space for his growing business without initial capital outlay, allowing for storage, a potential wood shop, and parking for trailers. The entrepreneur is actively seeking community input on the property's potential value and any unforeseen challenges.