Need help putting in my first offer on a mixed use property
Hello BP,
I'm looking for assistance on the proper steps when making an offer on a commercial property. The property is a 3 (2BR,1BA) unit apartment building with 1 commercial space currently occupied. I have ran the numbers, viewed the property and am ready to make an offer. Do I simply contact my agent and put in an offer? Ideally I am looking to put in an offer contingent on a DD/financing period of roughly 30 days. Is this common? After I obtain financing I would begin the closing process after the 30 days and begin third parties on behalf of the bank etc. Am I on the right track? My plan is review the leases and property more in depth while sourcing for financing. The market I am currently in is a hot one so I don't want to let the property sit out there.
Any advice?
Thanks