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Updated about 3 years ago on . Most recent reply

Gregory M Carlson's profile image
Gregory M Carlson's profile image
Gregory M Carlson
  • from Cudahy, Wisconsin
  • Member since Aug 13, 2017
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Gregory M Carlson's profile image
Gregory M Carlson's profile image
Gregory M Carlson
  • from Cudahy, Wisconsin
  • Member since Aug 13, 2017
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Gregory M Carlson
  • Cudahy, WI
3
Votes |
11
Posts
Real Estate Deal Analysis & Advice

Rental with a bar - Why not?

Gregory M Carlson
  • Cudahy, WI
Posted

There is a building near me for sale (Milwaukee County, WI) with bar in front and 2 bedroom/1 bath rental in back for $150,000 (rent is $750). I have no experience operating a bar, thought I could lease to someone who does. Building looks to be in pretty good condition. Why would it be a bad idea?

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Samir Patel's profile image
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Samir Patel
  • Rental Property Investor
  • from Herndon, VA
  • Member since Sep 26, 2017
  • Posts 65
  • Votes 20
  • Experience 5 Yrs
  • Investments 7
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Samir Patel's profile image
Samir Patel's profile image
Samir Patel
  • Rental Property Investor
  • from Herndon, VA
  • Member since Sep 26, 2017
  • Posts 65
  • Votes 20
  • Experience 5 Yrs
  • Investments 7
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Samir Patel
  • Rental Property Investor
  • Herndon, VA
20
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65
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Samir Patel
  • Rental Property Investor
  • Herndon, VA
Replied

@Mike Reynolds that's interesting. I'll definitely look into that since Hagerstown, MD has strict laws in regards to lead based paint. Thanks!

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