Tag Archives: real estate investment
I have a commercial/residential property in upstate New York that I want to put on the market. 75% of the property here is owned by non-residents.
Q: I have a commercial/residential property in upstate New York that I want to put on the market. It was built in 1892 as a railroad hotel and boarding house. The location is terrific. 75% of the property here is owned by non-residents, most of them from outside areas. Is this something you may potentially be interested in listing? Read More.
Q: I have the opportunity to buy a commercial property that the owner paid $500,000 for in 2007. The property records show it as assessed at $372,000. I am willing to offer $495,000 as he will hold the mortgage for 15 years. I will in turn rent out the space to cover itself and use part of the remaining space for my business. At this price, is this a smart investment? I would not plan on selling this space for at least 10 years. Read More.