First you have to determine what your budget is. You didn't specify how much you can allocate for rent and security, heat, electricity, water etc each month. Second is how familiar are you with the business. If you know next to nothing about it, go and work for some one first. (You didn't specify that either).
Third what does "good sized property" mean to you? Every occupation/business has different size requirements, (some are regulated in addition). Visualize the size in your mind with tables, chairs, and then put it on paper. Usually one inch on a graph equals 1 foot in real life. Put in the door way, exits, space to hold equipement and then you can have an idea of the size you may TRULY NEED.
Openiing a sucessful business requires thought, wise planning and above all hard work. Be minimal in your needs for the first couple years and work HARD. You will be sucessful. Good luck.... more
Hello Aura! Your budget is realistic and opportunities are available for 1st-time Buyers. As multifamily is my specialty, I welcome the opportunity to assist in your Union County search. Kindly review my profile for background and contact me directly should there be further interest. Thanks for the consideration.
Paul E. Washington
Multifamily Advisor/Broker Associate
Coldwell Banker Residential Brokerage
(646) 344-9964... more
Yes, you can bid lower than asking. Work with an agent that can guide you with the help of a market analysis that will incorporate actual sale data and time on the market. This question is asked often - how much off of asking should I offer? The answer lies in the data - if a home is price well then settling close or even on asking is a good value. If it is overpriced, then you've got to work the seller down to market value. Either way, the answer and your road map will found in the data.
Good luck to you,
Unwavering Commitment to Service... more
you can attend the sherrifs sale and bid on it there, or what will most likely happen is that the house will be taken back by the bank after no one purchases it at sherrifs sale and they will list it again with a realtor at which time you can bid on it again. Patience is key though, it can be a long process, but if you can get the house you want at the price thats right for you then hang in there. If theres nothing special about the house then move on and find another one and let someone else deal with the banks.... more