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Updated almost 6 years ago,
HELP. Great deal locked down. Need ideas
First deal ever is under contract. Now the fun part. Let me describe the property then what I need help with. I have a 3bd 2ba sfr right across the street from a industrial area. On the property is a 2200 sf commercial building that use to be the towns first independent car dealership. Also on the property is a double wide MH. I am going g to be renting out the MH. And in 6 months I can start making money on the commercial property. (Doing FHA) so I have to refinance before I can have income coming from it.
My problem comes in. The commercial building is hidden away behind the the SFR. It has it's own driveway and all. Just not sure what to rehab the building for. I am in a smaller town in about a C area. So I am hoping for suggestions. Any thoughts would be greatly appreciated.