All Forum Posts by: Tenisha Walker

@Yonah Weiss

Correct and yes ugh Thank you

Questions in uncertain of. I don’t see no other restaurants around the area of interest, so how do you go about dealing with comps for restaurants? Small diners at that.

Also like what are documents I should ask for that potential buyers may want to know with buying a restaurant?

@John Casmon

Nope and thank you

@Ronan Donnelly

Sounds good thanks for the advice.

I have a seller who is motivated to sell property.

The issue is the seller is very old fashioned and don’t really even have knowledge about running a property. He just purchased as is.

The seller has tenants that fully occupy residential not only that the seller also has a family who resides and the family lived there over a decade.

The seller does not have a certificate or compliance or has the seller even had a inspection done, that I’m aware of.

Questions

How do I go about this situation? What are the precautions with this because I feel like him selling the property it’s going to open up a bigger problem in the end. Also I don’t want to see anyone lose there home.

So if someone can provide advice of this matter.

@Dave Foster

Thank you Dave sounds good. This puts a lot into perspective.

@Aaron H. Thanks that helps.

@Aaron H.

Okay perfect.

@Timothy Doenges

Makes sense sounds good.

I have a multi family unit and i asked for cash buyers. Well someone said they have a 1031 and can send proof of funds. What is a 1031?

Can I still get paid cash? How does this transaction work? Anyone can shed light on this? I’m new. I only know cash.