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Updated over 1 year ago on . Most recent reply

User Stats

12
Posts
2
Votes
Austin Snyder
  • Rental Property Investor
  • Tampa, FL
2
Votes |
12
Posts

How should I approach this Commercial RE lead?

Austin Snyder
  • Rental Property Investor
  • Tampa, FL
Posted

Happy holidays BP family, 

I have a unique situtation and wanted to see if someone more seasoned might have any advice on how to approach this. 

There's a plot of land that I've found which is owned by a company. The land has 2 buildings on the same plot of land. However, the company is only using 1 of the buildings. The second building, has been abandoned for at least 12  months and is quickly becoming delapidated. I was curious how someone might approach this.

My idea was I could work with the company to "severe" the land or split the plot up and see if they would give me the building at a discount since it appears they have no use for it, and then I could put a tenant in it or flip the property to someone else. Any guidance on if that would be possible or any better ideas are greatly appreciated! 

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