First time Investor

[kreimzy]

Ive been looking into purchasing/leasing a rundown Carwash. How should I negotiate to the owner to sell his property to me? How do i know if Im buying the business and not the property.
If the owner accepts my offer, what types of contracts should i get to confirm and finalize our agreement? Would I need to hire an attorney to complete the contracts?
Is there a way to purchase/lease a carwash with little to no money down?

 

[MEP001]

Don't worry about biying the business if it's run down. Make him an offer based on property value. We jave been trying to het two run-down washes in a small town, one of which has been closed since the freeze in 2001, and they still want an amount baded on what it used to make. We will mot consider paying an amount based on potential because it would be foolish to pay that for a closed business.