Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Nathan Boyd
0
Votes |
5
Posts

Newbie with unique situation

Nathan Boyd
Posted
Hello everyone! First time posting! I’ve been wanting to get into investing for a long time now so I finally pulled the trigger. Not with buying a property but I shut down my auto repair business and made the decision to go full steam ahead towards my dream of investing. My situation is unique. I inherited the family business when my father passed a few years ago. It’s an auto repair shop located in Ferguson, MO. My initial thought was to sell the property and be done with it, however, lately I’ve been thinking this could be my first rental property. I’m thinking that I can get at the very least $100k for the property. On the other hand if I could lease the place for $2k-$2.5k a month with a triple net...that would be a fantastic source of passive income. Honestly not sure if that is even the correct valuation...not sure how to do that. Would love to hear anyone’s opinion that hasn’t stopped reading yet lol. Thanks in advance! Nate

Loading replies...