Updated over 7 years ago on . Most recent reply
Wholesaling Commercial Property
Ok. I have my first visit to a property. The property can be residential or commercial. The area is up and coming and it looks as if it is set up better to be turned into a commercial property due to all the new stores in area and I do not see any residential homes in a 2 mi radius of the property, there are homes around but they are pretty far apart. There is a waffle house, home depot, att&t, and other commercial bldgs. I have not did a contract yet so I am nervous about this. Do anyone have any advice for me? Thanks in advance! Oh and it sits off a highway. And by the way I am wanting to wholesale this deal. He is asking $160,000 and there is prob $40 to $60,000 for repairs. He said that a Bojangles was looking to purchase his property and a lady that will like to use it for pet grooming. He wants cash fast because of sickness and hospital bills. Do I look for commercial buyers the same as SFR and Multi Fam investors? I was not setting myself up for this but it has fell in my lap and I will like to put it under contract.