re: To sell or not to sell commercial property?

I don’t have much. I’m self employed and have very little in the way of retirement. $600k is a lot of money for me. A LOT.

My long term goals are like most here. I’ve always been interested in building wealth through real estate and I absolutely see an opportunity to hold on to this property for a long time and have income and eventually pay it off. It wouldn’t take long to fulfill a tenant.

But the lack of cash reserves and the upgrades are big deals I know. I’ve been told the bank would work with me until I find a tenant and I have enough equity for the upgrades, but that would be rolled into the loan adding to the note. Its just tough for me because I know what’s coming and I know the potential.

I reached out to a broker knowing the upcoming renewals in both the lease and the note. He said we could advertise it for sale or lease online but wouldn’t put signs out. He didn’t even post it online. He made a phone call. Second offer was for list price.