You could have sent him to collections and this would destroy his credit, which could impact his ability to purchase a home, qualify for a car loan, and possibly even cost him his job.

I did all land survey, architecture, engineering, and razing of the property.

After spending years in the car business, I decided to make a bold shift into real estate.

Having thoughts putting an offer in for a car dealership lot in the intercity (Class C neighborhood) that I would like to lease long term NNN.

Be sure to get an engineering-based cost segregation study done by a reputable company if you paid at least $250K for the property including land.

I'm not going to buy a car from someone without a driver's license, and I won't buy an investment property from someone that has never owned one.Whether you are an investor or not, you need to really understand investments.

@Chris Miller history doesn’t repeat itself, but it does rhyme.I remember 2006, and how the fed was engineering a beautiful soft landing and everything was great and home builder stocks and banks and investment banks were THE stocks to own because all the data was pointing to a rosy future.The only data source you would need is the yield curve.  

Since then, I’ve been listening to BiggerPockets, On The Market, and Real Estate Rookie, and I’m currently reading The Multifamily Millionaire by Brandon Turner.A bit about myself:I'm a 31-year-old software engineer looking to become a long-term multifamily real estate investor (REI) and achieve FIRE (Financial Independence, Retire Early).

You can use old cars, appliances, mannequins, furniture, etc.  

Does the car work?