Post by
MARKOPOLIS on Feb 16, 2024 4:59pm
ALWAYS REMEMBER COMMERCIAL PROPERTY
Are only as worth as their cash flows derived from high occupancy
less costs
otherwise it's just a box on piece of dirt
Comment by
pennydredful on Feb 17, 2024 3:46pm
A large office building sold at auction in Buffalo sometime ago for $1,00 that was mortgage free but the buyer reneged on the deal when he became aware of back taxes and other hidden liabilities.
Comment by
pennydredful on Feb 17, 2024 3:51pm
An empty property can become worth less than zero as one still needs to pay taxes , basic utility costs and it is subject to vandals and illegall occupancy by street people.