Any look around at the building and the people hanging around should have sufficed but this kind of cemented the feeling.

Although this is not a huge home run by any means, I would be interested in getting this property if I could get the dentist to sign a long term lease at market rate while it is under contract and before I close on it.However, I am concerned that if I approach the dentist with this new lease that he may just go to the owner and work out a higher rate and cut me out of it.

I found out from subs he's marking up 40-80%He's now trying to bill for his time on top of this because he says there was no mark up, but I got the prices directly from the subsSub called to tell me he was going to put a lien on the property because he was not paid by GC, after we paid him 6 weeks agoThey poured cement footers (3ft deep) directly over a baseboard heater water copper pipe, basement is now flooding so we need to see if the cement broke the pipeHis crew broke plumbing pipe and GC would take zero responsibility for it.

One can also go on any number of sites & learn how to perform a root canal without the aid & expense of a dentist.

It happened in the old days twice before they put a cement barrier up. hmmm the property could provide cash flow but probably not be a very good investment in terms of resale value. 

Talk to your dentist, doctor, business people.

you take over their mortgage on an informal basis.control the building with a skinny contract offer subject to a private or public treatise (public auction), assign your contract for a profit before you have to go to settlementseller refinances, keeps the cash and you joint venture with seller to share the profits after you do your thing to the building (win-win for all)package your deal and present it to relative (with money), your dentist, funeral director, doctor or local bookie - get your private financing - heck with conventional lenders - most are predators anyhowoffer a "hybrid" contract - that is where you offer one price but give seller a percentage of your net profit when building is sold.ask for owner financing that is secured by other properties you own - this way you have anpotential free and clear property that you can pull cash from - and keepoffer the seller what they may want, a car, truck or other material items that are easy to finance (same as owner financing, but easier)Can you think of other ways to accomplish a profitable situation when buying - we'd love to hear themGood luck ---- Charles (he loves votes)

Hello I am sure this has been asked and answered but each new year brings new products and therefore different considerations on an old question.I am renovating the lower level of my house to feature an in-law suiteit is a ground floor apartment with adequate runoff so flooding is not a big concernThe problem i am having is coming up with the best flooring choice which will give me all my wants.ultimately the place is a one bedroom apt where the living room and kitchen will share the same 14.5x14.5 spacesmall yes but the bedroom is 9.5x21 so it makes up for the crampiness of the living roomkitchenI would like the whole place to feature the same flooring which is why I am leaning to vinyl plank but the good stuff which is pretty pricey. but it will allow me to cover the kitchen and bath area along with all the other spaces foyer, bedroom. laundry and living room. laminate will allow me to do the place much cheaper as I can find phenomenal deals on laminate, but I would need to go with tile in the bathroom at least which is not a deal breaker it just makes the place lose that cohesive look.porcelain tile is about the same cost and more labor intensive but I only have about 600 sqft to coverThe sub floor is cement. so i will have to factor in underlayment for my laminate.just wondering what some of you would do if you were in this same scenario and whyI know only I can ultimately make the best decision for me but it would be helpful to hear others thoughts and experiences.

Double wides never had wheels and are on cement block foundations so can be argued they are manufactured homes, not mentoined in Dodd Frank like mobile homes are (specificaly called out as out lawed for owners to finance just like Builders can no longer finance their spec homes) so we can do 3 financings per year per person using a Licensed Mortgage Originator and qualifying to 43% DTI etc all mentioned in Dodd Frank.  

I think in certain communities you could market the space effectively..orthodontists, dentists, therapists, etc.. sometimes seek spaces in those type of spots.That said, what is the upper realm (perfect world scenario even) on the rent for a house with a medical office in it?