Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

Anyone know a landlord of a small store in midtown Sacramento?
Does anyone out there know a landlord of a convenience store in the Midtown area of Sacramento? Or better yet IS anyone a landlord of one?
I have a mixed use building under contract in midtown Sac and the appraisal for the rent of the convenience store part of the building came in unreasonably low. I think the appraiser was more used to doing residential appraisals and didn't do a thorough job with the commercial aspect.
The reason why I need the rents to be higher/ accurate is because this is an FHA loan and the higher the rent is, the less I have to put as a down payment.
The appraiser/ lender has told me that if I find a landlord in midtown who will vouch that they are charging higher rents then I'll be in business!
Most Popular Reply

Can you track down the ownership entities of the buildings where the other two comparable spaces are? If you want to shoot me the addresses in a text I will see what I can do.