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Updated almost 12 years ago,
Commercial Property... new to this, what to do?
I'd like to start by saying how impressed I am with biggerpockets, just the truth there, it's a great site and laid out well.
I know of a commercial property that is approaching foreclosure, the bank has possession, the tenants are scared, it's 95% occupied.
What would a good list of things-to-do from the start be? Where can I go for the right information at this point and in the future? How can I get the jump on this one? What should I watch out for?
I have some information on the property, I would love to own this, it's not huge but a good location; well maintained; professional complex; California location.
Much appreciated. This would be my first project of this nature. Even
Thank you.