And this is a different conversation entirely.

Hi Everyone, Happy NewYear.Anyone doing single-family conversions in Peterborough?

@Anthony Gayden I'm going to dabble in that.Thanks for the replies everyone, let's keep this conversation rolling. 

Based on my conversations with the agent, it seems he is either using residential property evaluation to come to a purchase price and doesn't understand how commercial properties are valued or he's basing the sale price off the proforma valuation.We've gone back and forth and the agent doesn't think the seller is going go lower than $475K.

Now if this is a 5+ unit property we may be having a completely different conversation.

They could have 2,000 locations but for this lease set up a subsidiary of just 300 stores, even worse a few local locations, or the worst a single entity remote LLC they can easily bankrupt and walk away from the location.Look for any early termination clauses in the lease.

I found a guy at the local cash & carry Vinyl/Roofing/Window store.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

I ask because we have a SFR that we build within our development company 2 years ago and would like to explore a conversion....or just sell.

Best,JWhttps://www.biggerpockets.com/store/long-distance-real-estate-investing-ultimate