Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 6 months ago,
Seller financing on car wash
There are 2 car washes for sale near me and I am meeting with the listing agent today to look at them. I requested copies of the income taxes for them both and it looks like this could be a pretty good deal but I'm not sure how much he spends on materials to keep them running as that was not included in his "financial report" (which was a piece of paper with number written for utilities). I would like to make him an offer of seller financing or conventional mortgage and show how the seller financing could be a better deal but I'm not sure how to go about offering that. Do I just need to give the excel sheet I created to the real estate agent or so I need to actually have a formal offer written out? And what kinds of things do I need to ask about when I meet with the realtor today?