Posted by Dave on March 05, 2001 at 17:34:52:
You may have a good property there. Before you make an offer, get some comps on sales and also on rents. If you are thinking of renting the garages, make sure the city will allow that. If so, see what they might rent for and the demand, if any.
Have your broker ask to talk with the seller to learn how motivated he is and why , and Also to see how competent the listing broker is in creative finance.