Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Is it dangerous to buy auto garages?
I've been hearing alot about phase 1 phase 2 environmental studies. It has me worried about buying shops and garages which is what I want to do. I have an opportunity to bid on a property that was used as an auto shop but it will have to be a cash purchase, so no enviro study required. Is it a bad idea to buy something like that without the study which costs $5-7,000?