Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

14
Posts
3
Votes
Daniel Millner
3
Votes |
14
Posts

Current Business on Property Include in sale of House

Daniel Millner
Posted

Found an interesting situation with a house and business included in the same sale. The business has been in place for 30 years and I am interested in continuing it as I have worked in that same industry in the past and could actually increase profits as there's no advertising. Its nonconforming for the township, but how its setup that will transfer confirmed with township. Point being its not a commercial lot so no SBA option there. We could break up the sale of business and house if that makes it easier.

I'm estimating that they currently make around 40-60k a year for about 3 months of work which is based on the numbers I know and some google maps information. (still waiting on P&L and details on assets that belong to the business)

That said this would cover the mortgage of the property but since the business is included is there some kind of product that would also take into account the income from the business? Since its included it would just be a new owner for an existing business, but since I have not seen this before I figured someone here might have delt with this in the past to some degree.