Tag: Commercial

What To Do To Find Cheap Commercial Properties

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You are the business owner and your business’ cash flow should cover the mortgage expense. Remember you are buying the property and planning to operate the business out of this location for the next 5 to 10 years. Even though your property value may not increase in the short term, think of the long term. When you decided to retire or sell your business you will have so much more to offer in the Sale. For example you can sell the business with the property which would increase the sales price. You could also sell the business and lease the property back to the buyer. Or you can even sell the business and the property to two different buyers.

One of the two approaches to produce earnings would be to rent it out. It provides you with strong and solid returns in the form of income. An important point to make about commercial property is that, not only are your returns higher, they are usually more secure. And as an owner you have a significant degree of control over your investment. Renovations, restructuring the terms of the lease, choosing the type of tenant you want, and redevelopment.

Training – Invest in retail sales training for your employees. The add-on and up-selling results will begin to benefit your retail profit picture immediately.

Government grants can help you to carry out your business plan by providing money for renting commercial real estate or paying utility bills. Many grants provide start up money for home businesses or specific fields of community services. It is important to research the grants that are directed towards your business niche.

Before going to the actual auction itself, make sure that you are ready to purchase. Prepare and organize all finances, whether you have cash to pay for it or assistance from financial institutions. Remember that once you are awarded as the highest bidder, you are contract bound to buy the property. You are given an average of 30 days to pay for the full amount. If not, you forfeit the downpayment that was required as initial payment.

OYou can find advertisements for commercial space listed in newspapers and business magazines. From these ads you can glean the basic information like location and size. Take the telephone number listed on the ad and call the owner to check out the property personally.

Another key point is to make sure you add in your resume. This is your opportunity to sell yourself. If you’ve done any real estate deals in the past, talk about them here. If you have not experience in real estate, then it’s appropriate to describe what training or other relevant activities you’ve been involved in. Remember that everyone started out at some point, so any lack resume items is not only temporary on your part, but it’s natural. You’re not the focus here, the property -THE DEAL – is the focus.

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Build Your Commercial Property Investing Team In A Single Night

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Property investors are also offered great tax benefits. All expenses for the house are tax deductible. Furthermore, if you are unable to get a tenant and your house was bought on loan, meaning you have to make mortgage payments, your property will not be taxed for that year. Moreover, if the value o maintenance and repairs exceed the amount the property is bringing in, then you are also exempt from paying taxes for that year.

You should also read the newspaper every day to find your target. It’s not easy, but if you put a lot of effort there you will get the result. Watch for property sell off ads due to deaths, divorce, or immediate cash requirements. Try calling people who want to avoid real estate brokers since it will cost the seller commission. Since the owner is saving money on the commission, they probably can offer lower price.

The last few years have given us a market that many investors have never seen. Property is selling for prices that a few years ago seemed impossible to get. Foreclosures are at an all time high. Banks are starting to lend money slowly. So these seem like good ingredients for an investor to get into the property game. However, there are factors that you need to consider before making that leap into (or for some of you, back into) the real estate market.

Investors can receive either the property (for tax deeds) or the amount of their investment plus interest (for tax liens). The real beauty of this is that the big money on Wall Street has often overlooked this opportunity to make more money in such a secure manner. More and more pension funds are investing in this manner because of the safety and the high rate of return. Who cares that I cannot go to a cocktail party and talk about stocks. At least my principal grows and grows every year.

Most of these clubs are created with learning as the major goal. There is usually a speaker who talks on a specific topic. The topics presented vary from speaker to speaker since each one is an expert in a specific field.

When it’s always less expensive to order than to hire, there’s a specific thing wrong along with the sector. Bear markets are great opportunities for traders simply because the imbalance operates in their favor. Within the up-to-date natural environment, a lot of us could not acquire financing or will not have any income for any down payment. For this reason, traders move in to fill the void.

Furthermore, property investing offers high leverage. This means that you will only have to raise a small amount of capital in order to purchase the property. Most banks will easily give you a mortgage loan to buy a house, especially if you have a good credit rating. What’s more, you can organize your payments to suit you as most banks will usually give you a maximum of 25 years to repay the loan. Alternatively, you could also use the money you receive from rent to pay back the loan.

Remove any refuse or debris from the yard. This goes hand in hand with landscaping. Make sure there is not a broken down car in the driveway or old appliances hanging out in the backyard. The outside of the home is the first thing a prospect sees. If the yard is full of junk, it’s not going to leave a favorable first impression.

Owner Occupied Commercial Mortgage Refinance – Rules Are Changing

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Get a map in the package showing where the property is located. The bank will be interested to see what type of street the property is on. Is it a main street with substantial traffic? Is it conveniently located just a short distance from a main artery that would be too busy for easy left-turn access? Try to identify the positive aspects of the location. After all, you should have taken this into consideration during your due diligence phase.

The problem is that people get stuck on the idea of finding great deals for rentals. They buy two or three good deals, and all of a sudden they have ,000 in payments. They find several tenants, but if the tenants all move out, they have ,000 of debt each month.

For those exceptional individuals who have phenomenal sales skills, some extra cash to throw around and a keen business sense, there is commercial real estate sales. Selling commercial property can mean huge rewards. However, it takes years of preparation under a good mentor and a knack for that sales niche to make it to the big commissions and fabulous property listings. This is definitely not for the newbie.

What are your current mortgage terms? Are you refinancing because you want a lower rate? Longer amortization? Want to pull cash out? Or do you have a ballooning loan? What are your long term goals?

To have a chance at getting approved for a commercial loan, you need to have the income to prove you can afford the payments, and a down payment of at least 20% of the loan. Also you need to have a good credit score. A bad one may not cost you the loan, but it will cost you thousands of dollars with higher finance charges. To fix that simple go with a credit repair company. Credit repair is fast, simple, and effective.

An advantage of secured business loans is its low cost. On the back of collateral, you can borrow the money at low rate of interest. What is more, the rate will be usually low even if your credit history has blemished tags like late payments, payment defaults, arrears and CCJs. The rate can be fixed or flexible.

Client contact, inspections, and negotiation during a listing and marketing process should be comprehensive and complete. Put the client into your efforts so they know what you are doing and why.

Let’s start with your exterior. That’s how you attract or scare away customers. The outside of our building is who you are as a retail business. It relates to your most important commodity…your brand. No, I am not telling you to spend a ton of money right now on a new exterior design, but I am telling you to make sure the weeds are pulled, the trash is picked up, lights are working, the parking lot is in good condition and you have a fresh coat of paint on your building. The same goes for your interior. Are the bathrooms clean? You need to bring customers in and keep them in the store longer in order to support your retail profitability plan.

Get The Most Bang For Your Buck In Commercial Property Investing

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Remove any refuse or debris from the yard. This goes hand in hand with landscaping. Make sure there is not a broken down car in the driveway or old appliances hanging out in the backyard. The outside of the home is the first thing a prospect sees. If the yard is full of junk, it’s not going to leave a favorable first impression.

Investing real property does not take a physician. It is merely knowing your product, having the knowledge you need to distance in your business and the excursion to get the job done. Looking for bargains when it comes to real estate investing is not as hidden as you may think. However the one thing you duty hold when it comes to real property investing is thick skin. That is because this can be a perfect demanding business. You are hunting for a bargain; you are aim to compose a deal. This means guarantee negotiations; terms and conditions.

After you have gone through all these steps, you should be ready to make an offer. This is one of the best steps if you enjoy negotiating. This will be the topic for my next article.

You need someone who understands you and your history and is close enough to you to be kind, supportive and yet brutally honest. It is best if they are also an experienced investor, businessperson or property developer. If possible also join an online or face to face group of property developers to brain-storm ideas, facts and figures. Do not go it alone.

The last few years have given us a market that many investors have never seen. Property is selling for prices that a few years ago seemed impossible to get. Foreclosures are at an all time high. Banks are starting to lend money slowly. So these seem like good ingredients for an investor to get into the property game. However, there are factors that you need to consider before making that leap into (or for some of you, back into) the real estate market.

Those with money do indeed seem to live in a different world. For them, resources are always plentiful. They will not worry in the event that a deal goes awry, because they are confident another is right around the corner. Someone hoping to increase his wealth substantially through investing may worry that he let one get away.

Another disadvantage of real estate investing is the low liquidity property investments offer. Unlike other investments, you are not always guaranteed to have a buyer for your property when you want to offload. This makes it unsuitable for long-term investors.

Since most real estate investors operate alone, the opportunity to interact with other investors is not common. A property investment club presents this opportunity where you meet like minded people that share your dream.

Tenants Obligations Under Commercial Property Leases

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What are your current mortgage terms? Are you refinancing because you want a lower rate? Longer amortization? Want to pull cash out? Or do you have a ballooning loan? What are your long term goals?

What’s Out There. Interest rates, terms and the costs of closing on a home mortgage all play a role in helping you to obtain a loan. The more affordable these are, the more likely you are to obtain the home loan you want. Comparing several companies can help you to get the lowest costing loan specific to your needs.

You see, in entering real estate, you have to be prepared. You have to plan first. Decide what type of investing you can do or you can be great at. It is better to develop a strategy first, strategy that you can use to be successful in Sarasota real estate.

If you have a commercial property with a ,000 monthly mortgage, and two of your tenants move out, can you afford to be short ,000 a month in rent? Make sure you have enough cash reserves to cover that ,000 while those units sit vacant.

Alternative market today are many and varied subject to the requirements of the property and the target market. They have 2 or 3 alternative marketing and budgets available to the client to consider. The client will then make a decision based on a balance of cost and effectiveness.

Selling Real Estate is about getting out there. If you prefer to spend time in front of your computer, try real estate investing. You do not need a license and can make a great deal more money. What you do need is a good knowledge of your local Real Estate market and an ability to close deals that will provide good returns. It’s all about flipping properties and avoiding the rental money pits that sucker in many novice investors.

Sales methods chosen or recommended by the property must be based on market trends and the local real target market. The best method suggested retail should be focused on the known results of similar properties.