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Updated about 8 years ago on . Most recent reply

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Nicholas Lohr
  • Investor
  • San Francisco, CA
205
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300
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Anyone know a landlord of a small store in midtown Sacramento?

Nicholas Lohr
  • Investor
  • San Francisco, CA
Posted
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

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Joe Bertolino
  • Investor
  • El Dorado Hills, CA
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Joe Bertolino
  • Investor
  • El Dorado Hills, CA
Replied

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.

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