How to appraise properties with car mechanic tenants?

How to appraise properties with car mechanic tenants?

Investor · Clayton, DE · Member since 2014 · 12 posts · 1 vote
My former land lady is looking to retire from real estate investing. She says she wishes to get rid of the headache of managing her 11 commercial properties, but wants to keep a monthly income going. I think she might be interested in selling it with owner financing. Around half of the properties are rented by car mechanics. How do you analyze these rental properties?
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  • Real Estate Agent · Buena Park, CA · Member since 2016 · 743 posts · 424 votes
    9y
    You call a commercial real estate agent with experience in these types of businesses and ask them to analyze the deal professionally.
  • Wholesaler · Fort Worth, TX · Member since 2009 · 39 posts · 16 votes
    9y

    Great Answer Brandon.....Most agents do not give out that advice

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