First potential wholesale deal

[Adina McCollough]

Good day BP family,

I ran across a deal in suburban Chicago here's a quick run down of the deal...

It's a multi use commercial building, 2 apartments upstairs and a sports bar downstairs. All in all the property makes about $10,000 per month net after all expenses, and there is a ton of room for growth.

The owner is looking to sell it for $430,000 and is willing to offer seller financing. The owners want a $50,000 down payment, and the buyer can pay the rest off in monthly agreed upon installments. The buyer should make their initial investment back in about 6 months, and the building alone is worth about $400,000.

Is this a good deal if the comps support all claims?