Consider When Buying A Commercial
1. Identify the criteria that you want. Of the people
who claim to be in the market for a property, 99% don't know exactly
what they want, and this includes those who currently own the same
type of property.
2. Ask the right questions to get the seller to
furnish RELEVANT INFORMATION.
3. Review the information, review the operation of the
business to see if it even makes sense what you're looking for.
4. Investigate the real income and the real expenses.
[That may not be what the seller provides.]
5. Find out if the property is really making a profit
after looking at the income vs. the expenses plus any necessary repairs.
6. Consider what can be changed to make it profitable,
or more profitable, and then determine a reasonable purchase price.