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!
