I'd highly recommend Scott Kind, CPA - 518.461.1699.

Historically this property has cashflowed, but not yielding an annual amount that's really making a high impact towards overall business growth ~12k per year.

., Richmond, and Detroit led rent increases, while Austin and Raleigh saw year-over-year declines due to high supply.

This community will offer you so much value - don't be afraid to drop your questions here or reach out to any of the folks above directly.

At the time, his offer was low, and I had potential plans for that space, so I turned him down.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

This will give you one critical piece of information, that it may take X days to get an offer and sell, and the second item will give you what your competition is right now.

The seller is offering seller financing at 2% interest with a 9-year balloon.

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.

One long-shot option is to offer a lease at something like $1,300.