Real Estate Mentorship by Tom McKay – FlipAnythingUSA › Forums › Members Forum › figuring out value › Reply To: figuring out value
Ok great. I’m glad you told me this because the owner has his restaurant (which is open), and rents out 2 of the other units(which have not opened due to strict covid rules in NYC) in the building (3 total). I was going to offer him a low amount since he plans on closing his business but now I’m considering different numbers. It’s not in a super high traffic area, he says business is good, and there isn’t that many properties like his. I’ll be talking to him tomorrow and hopefully find out how much he wants for it. The thing that sucks is that the food is really good there. Let’s see if I can get creative with this deal.