Updated over 7 years ago on . Most recent reply
strategy advice needed
I have a commercial bldg. on a busy street that I tried to sell outright @ $180,000.00. No cash buyers responded so I owner financed it for 2 yrs. The buyer opted out after 2 years so I am now considering best strategy. No mortgage owed. Would like to sell but tried before. Borrowing against it is hard due to credit challenges. Can’t sell the note since buyer defaulted on the loan. I’d use it myself but startup capital is not available. I don’t want the bldg. to just sit there unused. Any ideas on what I can do with this building?