Recent content by SwordRiver

I'm with you on this. The numbers can't support this deal, at the stated price. You dont think this is overpriced??

UPDATE: This is what the seller told me about the "change for carwash" expense: Is that how change is supposed to be done on the books? I also emailed him a list of questions, to which he responded he was going to ask his accountant... (pardon my french, but how the HELL wouldn't you know...

what is considered the norm on a 5/1

All great questions (keep em coming), which I'm set to ask the seller.

The numbers are so screwy folks, I didnt know how to make anything of them. The broker informed me that the seller is in financial trouble (the bank wants their money) and is needing to sell ASAP. So, I cant make an offer without first understanding the "true" financials, which in this case...

Here is a wash I'm looking at. 1 auto/5 self bay. It seems overpriced to me, but what would you make of the numbers, below.. its hard to decipher the true cashflow: Asking price of $1,200,000 Fixtures: -Freytech reclaim -Datamate center Land: The land was assessed at $160,000. It sits on...