Wholesaling Commercial Property
I'm a newbie wholesaler and I was just contacted by someone with a commercial property for sale. It's an 8 unit retail building/strip mall. I know values with commercial are based on the property's income, not by the appraised value of the real estate alone. I haven't talked with the seller yet to begin negotiations and I'm stumped as to how to proceed. Advice from someone experienced in wholesaling commercial property would be greatly appreciated.