Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Little Rock Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Brooklyn NY
469
Votes |
263
Posts

Commercial Property - Little Rock, AR

Account Closed
  • Rental Property Investor
  • Brooklyn NY
Posted

Disclaimer:  I am just starting out in RE, so bare with me.  

My father owns a piece of commercial zoned RE in Little Rock, AR.  He ran a small restaurant out this place, but no longer is in business.  The property is located on John Barrow Rd.  There is no mortgage and it is currently rented out to a pop-up restaurant on a month to month basis.  I seriously doubt this restaurant lasts that long, so I would not count on this income.  The last time I checked, comps valued the property around $90k-$100k. 

What would you do?  Would you figure out how to consistently cash flow the property and purchase it from your father?  Encourage your father to sell?  

Loading replies...