He just contracted a great deal on an industrial property.  

Hi everyone, joined BP last year for all the freebee calculators and finding myself a bit over my head and in need of some advice...Have a commercial property bought on land contract, 0 down, 5%, amoritized over 30 years with 6 year balloon for 120k last year.

Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off. 

These sellers hand you the keys and stay out of the way until its time to sign a contract. 

So when we had this property under contract for $92k ($95k purchase price with 3% buyer commission credit because I'm a licensed agent), it was an amazing deal.

If the tenants are on contract, you will inherit that low income until the lease is up.

Pittsburgh and the surrounding areas have some great opportunities, and it’s smart to connect with local investors and agents to get a feel for the market.

For the last 22 years I've been involved in real estate as a house flipper, with extensive experience in building and renovation contracting, owned a residential property management company, and now have a private money lending business (licensed NC re broker).

I am a project manager currently working for a commercial General Contracting company and have a small contracting gig on the side I am working on ramping up, focusing on residential and commercial remodels & all demolition projects. 

yes the work, is it smart move not sure.