I'm looking at existing property to invest in, but I like the idea of developing my own project to leverage my experience.

I've walked away from deals with better cash flow on paper, but what sold me was the existing tenants (the purchase was contingent upon the tenants renewing for 1 year from the closing date).

Hi Everybody,I've looked into this online, and found a wide range of opinion, so I thought I would throw this out to the community...When taking over an existing mortgage, can you deduct the mortgage interest on your taxes?

This property sounds like a pre-existing but non-conforming use which predates the current zoning requirements regarding parking.

Doing that means you need to know the food business too.So, you need to identify what options you'd take.If there is existing financing, with the business closed and less than half the note paid, you might get in for the loan assumption and a token on equipment.

Let me see you want to buy the property sub2, but CONTINGENT UPON you lowering - changing the existing financing?

I believe leases are all mostly month to month while the existing owner has been holding.

In this particular case . . .190K ACV + 1M Liability Builder's Risk with Erie is $60 per month150K RC + 1M Liability Builder's Risk with NREIG is $125 per monthIf Erie would consider the ACV of the existing house to be at least 75K, the coverages would appear to be similar, because the ACV of any improvements would seem likely to be the same value as RC.

Any experience in brokering sales of existing businesses, which is really what this is?

Many of those signs are landlords who either are looking to sell an existing property or acquire more.