Posted by JohnBoy on July 31, 2001 at 10:56:29:
I’d be wanting to find out why this property is selling for only $55k when it’s bringing in $1600+ per month???
What type of businesses have been on the property in the past? Is their a ground contamination issue or something that needs to be dealt with? That seems like one heck of a low price for the income it throws off!
I would definitely get the property inspected.
I’d get the thing tied up under contract subject to doing all your due diligence on the property. If this thing checks out on everything you can’t steal in slow motion!
Why are they selling? How long has it been on the market? Is there something they’re not telling you about this?