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Updated 9 months ago,
First Commercial Real Estate Investing - Gas Station
I have many friends worked in convivences stores and gas stations by running the finances of the business I'm interested in purchasing a gas station. Hypothetically here is the situation. Let me know if it is possible or not, and in both cases what would be the requirements?
Business cost - $1M Net Assessed Value - $700k (land + building) Looking for 900k, with 30 years of financing, no balloon payment. |
This would be my first CRE, I would run and manage the business by myself.
Thank you for your time!