Not sure about investment opportunity

Exact-Oh · April 11, 2005

The business right next store to mine just went on the market. It is a commercial property that is currently divided into two business store-fronts. They are asking a ton of money for the place, but that's what commercial property is worth around here. Currently, only one of the store-fronts is being rented, while the other is empty. This would only pay for about 2/3 of the mortgage payment. We are interested in purchasing 'cause we know the property won't go down in value, but it will wreck our current business if we can't keep the entire place rented 90% of the time. What would you do?

April 11, 2005

Time flys by so fast I've been in my building for 18yrs. thats 2000.00 per mo for 18yrs. That's 142,000 that I've paid in rent and I don't own the building. I say buy it...good luck exacto..

solareclipseauto · April 12, 2005

buy it!

Devil with bad attitude · April 12, 2005

Time flys by so fast I've been in my building for 18yrs. thats 2000.00 per mo for 18yrs. That's 142,000 that I've paid in rent and I don't own the building. I say buy it...good luck exacto..

[*]274945

That's one of the sadest reality checks I've read Ex!

I urge all tinters to invest in their own bit of turf that one day you will own. And when the time comes to hang up that squeegee, (even if the business is worth not a zack at the end of it) at least you will have the bricks and mortar to say you've got something out of this biz. :bat

Devil

April 12, 2005

I'm going to be signing a 10 yr. lease soon, will cost me $288,000 IF the amount doesn't change with inflation, which it will. I'd buy if I could. It costs way too much here to do so, I can't. BUY IT if you have the opportunity.

April 12, 2005

=Rama,Apr 12 2005, 01:08 PM]

"I'm going to be signing a 10 yr. lease soon, will cost me $288,000..."

...and I thought owning had some downfalls :lol2

I guess that goes to say something about what part of the world you're in. We've talked about selling our prop, which is basically a whole block, w/ a three year old large commercial building, a small rental commercial building, and two rentable houses....all located right along a major highway for a grand total of $375,000. I can't imagine having to pay that much in rent................it didn't cost half that to build our new building.

If the price is right, then buy......and I think I'll rethink the idea of sellin'. :dunno

April 13, 2005

Time flys by so fast I've been in my building for 18yrs. thats 2000.00 per mo for 18yrs. That's 142,000 that I've paid in rent and I don't own the building. I say buy it...good luck exacto..

[*]274945

That's one of the sadest reality checks I've read Ex!

I urge all tinters to invest in their own bit of turf that one day you will own. And when the time comes to hang up that squeegee, (even if the business is worth not a zack at the end of it) at least you will have the bricks and mortar to say you've got something out of this biz.

Devil

[*]275094