Multi Use

[Tim Griffiths]

So, I'm a newbie, I've been looking but the numbers haven't made sense for a lot of the houses in my area, either slums or overpriced or both.

I will be looking at a a multi use building tomorrow and I wanted some feedback from the community.  It's a  2 commercial spaces and 2 1 bedroom apartments above the commercial.  It's for sale $75,000 below assessed value which makes me wonder.  My question is, what's the general feeling on buying mixed use property if you're just starting out.  I can afford it without any creative financing and the commercial tenants are well established, I just don't know.  Any thoughts from the experienced folks would be appreciated.