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Updated almost 10 years ago on . Most recent reply

User Stats

17
Posts
8
Votes
Donnell Gardner
  • Tarpon Springs, FL
8
Votes |
17
Posts

Question

Donnell Gardner
  • Tarpon Springs, FL
Posted

So I came across this property. The owners seems motivated. He has this pretty big property at 6500 sq ft. Which includes a parking lot in the back. It looks like it had office spaces in the front part and I believe he said it was a cosmetics business in the back part of the property. It definitely needs work I noticed waters stains on the inside but he said the roof has been fixed about a year ago. I know I need to do my due diligence but he happened to mention that it had code liens on it. And that if I was willing to take care of it he would drop $50k of the price of $299k. And most likely would be willing to negotiate more. He told me to talk to the city and see if I could get the liens removed.

How would should I  handle this deal. What should be my next step if any? 

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