Quote:
Originally Posted by turbo6bar
Haha. "Buy this property because you'll probably lose the money anyway."
It twas funny accounting and pseudo investing which got us into this mess. Have we not learned from the failures on Wall St and Main St?
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Sorry, I should have clarified that I do not recommend the practice of planning to lose on a purchase BUT you could either give that money away or get a slightly bigger property for that price. Its really not something that can be analyzed on its face as the OP would like to do. It is more of a case by case analysis than almost any other investment. I know people who had to make purchases for higher than market but still make an amazing income compared to what would have happened. Commercial real estate is not for the speculative or amateur businessman. At the minimum it would help if the buyer has retail experience from actually owning a store or something of the sort.