Tag: Loan

13 Steps To Getting Your Commercial Property Loan Approved By Lenders

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On paper, this looks like they’ve been an excellent property manager with a profitable property. And you won’t know any different until you get into your own Due Diligence.

Like other home-based industries, home inspection has its share of frauds and phonies. It’s safe to assume they represent the minority, but it still pays to ask about certification. A professional home inspector will be happy to tell you about his certifications.

The big purchasers are already making all the moves. Great Portland Estates and other leading specialists with more than enough cash have interestingly announced rights issues. Why when you have enough cash would you do that? Simple. It’s to raise extra cash to buy distressed assets at the bottom of the market. Clearly the London office market is hammered. The return to this market is likely to be closer to 2012 than now, but values of the investment will already be fully reflected by then.

Apply for as many grants as possible. You can submit applications electronically by applying online at various government websites. You can also find many private institutions that offer free grant money. When you think you’ve filled out every available grant application, search again. There are literally thousands of available grants that are waiting to be claimed by small businesses everyday.

By not studying the neighborhood thoroughly, you put yourself and your family at risk. Not only the surroundings and nearby means of transport, you also have to know the neighbors. A lot depends on the kind of people who live around you.

Get the best angles during the best light of the day. Do not put in pictures of the repairs that must be done to the property. That’s the job of the lender’s inspector, who will inform the underwriter of any necessary repairs.

What type of commercial property are you refinancing? Different building types of vastly different terms. 80% loan to value on a stated-income restaurant deal will not fund while an 80% loan top value on an office building will. The property’s zoning will dictate into which tier your property fits.

Repayment of the borrowed amount ranges conveniently in 5 to 30 years. But you should not carry the loan repayment for larger duration as it will make you pay high overall interest payments.

Commercial Van Finance – Tips For A Low Cost Loan

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The smell of tobacco is the number one reason why buyers withdraw. Even if the buyer is a chain smoker, he doesn’t want to live in a home that smells like tobacco. He may be a smoker, but he also wants to live in a clean and good smelling home. As a seller, you must take good care of the cleanliness issue of the home if you don’t want your potential buyers to withdraw.

Contact the main office of the district(s) serving the neighborhoods you’re interested in. Check the standardized test scores for the district. Obviously, the higher the better as an indicator of how well the district is perceived to be doing. You may be able to find the scores on line too.

Get the best angles during the best light of the day. Do not put in pictures of the repairs that must be done to the property. That’s the job of the lender’s inspector, who will inform the underwriter of any necessary repairs.

The Debt Coverage Ratio is a tool capital sources use to asses if a business can afford the mortgage payments of proposed loan. Typically lenders want to see a ratio of 1:1.20. Meaning the business, would have .20 of net income vs. of proposed mortgage debt. So, if the business had a 1:1.2 they would still have $ .20 left over after all debt and expenses were paid.

If you do not know how to write HTML (and most people getting started online today do not) there are plenty of good site builder type programs out there that literally allow you to type in what you want to appear online, click once or twice, and you are online. You must have your own web site. Not a free site with advertising and pop-ups and everything else that comes with free. You must have your very own web site, where you control all the content. You must also be able to look at web traffic statistics to know what is working when and how. Try WordPress as a website platform. It will allow you to add content as you go without having to rely on a webmaster.

Also, you will pay more for commercial property use. This is generally due to the heavy duty materials that a project like this can handle. The larger size may also be a point.

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.

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Commercial Van Finance – Tips For A Low Cost Loan

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Cash flow…, appreciation over time… quality Class “A” commercial investment property. And if you do it right, a high rise condo to boot! What are you waiting for? Let’s do this!

Using the market data approach, the real estate agent determines the price based on comparable properties, or “comps” as they are called in the real estate biz. It’s important to remember that the “comps” need to be in the same immediate area. An identical house a mile away in the next subdivision may sell for ,000 more – or less – than your home.

Raise your retails – Do some comparison shopping and raise your prices. You’re in business to make money. Provide good service and customers will pay a little more.

Beware of homeowners who say, “If my house was in Richland Hills, it would be worth 0,000.” Undoubtedly true, but the essential point here is that the house is not in Richland Hills. Until someone devises a magical way to teleport houses to a more expensive area, what really matters is what the house is worth right where it is.

Are you looking for some investment in real estate? Want to put in your hard earned money in property? Here, this piece of information deals with Gurgaon Property. If you want to know more about the property then you can go ahead with Internet. The medium of web can be of great help and get you the right information. There are many real estate companies which deal in offering properties such as Business Park, IT Park, commercial property, Retail Shop and much more. You are required undertake a healthy search and get going with the best of real estate companies. Some of the parameters you should focus on are location, access to facilities, space, architecture and much more.

There are many tax benefits like interest deductions, depreciation & amortization. Of course, speak to your accountant for specifics to your tax situation.

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.

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.

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Low Rate Bridging Loan – Purchase A Property On Time

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Top of mind marketing is what a newsletter is all about. The newsletter has to be of interest but short, useful and factual. Build your newsletter around the well-known AIDA principle of marketing (Attention, Interest, Desire, Action), and then keep it going out to the market in print and email form on the monthly basis.

Think of it this way. You have to operate your business out of somewhere. Lately, as I drive to my office, all I see is a bunch of for sale signs on ideal buildings off the 101 freeway. Some of these spaces are brand spanking new construction projects that have been sitting vacant since last year. Perhaps your lease is coming up & your lease is going to be increased. If you have already been affording a lease payment all these years why not make your rental cost an investment. A Commercial Mortgage lets you convert that expense into an asset. And you won’t have to worry about your landlord’s property being foreclosed on.

Let’s begin with your motivation and qualifications for becoming an agent. If you want to make money, it’s there to be made. If you’re looking for a way to dig yourself out of a financial hole in a hurry, this isn’t it. The big payday will be a long way off and you shouldn’t expect any earnings whatsoever for three to six months. Oh, yea, and you have to be a terrific Salesperson! If you are not a natural born Seller, decent conversationalist and self-starter who makes Donald Trump look lazy; you will not earn big money as a Realtor. You have to be smart, tough, good with math and have a knack for understanding complicated paperwork. You also have to have startup money and plenty of patience.

OThe first thing that you need to decide is the type of commercial property you are looking for. Jot down the size, location and the type. It is quite possible that you might need a building, so why then look for office space? You need to be clear of these aspects before starting your hunt.

Speaking of which, it will cost more to handle a fencing project that involves more materials. This is due to the larger amount of effort and digging that may be required when getting a fence like this set up. The effort can be very tough to handle if the fence is very large.

Even worse, they will often take as large an upfront bonus as possible and leave you with a much lower split of laundry income for the life of the contract. The larger the upfront bonus, the less you will recieve in profit sharing.

Using the market data approach, the real estate agent determines the price based on comparable properties, or “comps” as they are called in the real estate biz. It’s important to remember that the “comps” need to be in the same immediate area. An identical house a mile away in the next subdivision may sell for ,000 more – or less – than your home.

Categories: Property Investing Tags: Tags: , , , , ,

13 Steps To Getting Your Commercial Property Loan Approved By Lenders

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Apply for as many grants as possible. You can submit applications electronically by applying online at various government websites. You can also find many private institutions that offer free grant money. When you think you’ve filled out every available grant application, search again. There are literally thousands of available grants that are waiting to be claimed by small businesses everyday.

Efficiency floor area ratio is an important factor. Many land lords / brokers give an offhand figure of the floor area. Go by the floor lay out plan. As most spaces leased out are on supper area, floor efficiency ratio changes from one development to another, from ground floor plate area to a higher floor plate. Get the minimum wastage of the space you lease out.

Example:If the Seller signs a three-year Laundry Contract with a ,000 bonus 90 days before your purchase is complete and you have a solid Prorations Clause in your Purchase contract … they will only get to keep 8.2% of that bonus … because 90 days is 8.2% of three years.

The online option enables you to look and choose the best. There are many insurance companies that offer a comprehensive cover which is all encompassing. It incorporates various insurance policies to provide a landlord peace of mind. It also saves them of all kinds of hassles.

A regular newsletter sent out to your prospects will build your brand and your name. It will keep you at the top of mind. It will help your prospecting processes.

For ensuring the approval, it is advisable that you take out business start-up loans against your residential or commercial property. This way, you carry fewer risks for the borrowers. What is more, depending on the value of the property, a greater loan is accessible at lower interest rate. You have the option of making the repayment in 5 to 30 years.

Whichever route you choose to go, make sure that you avoid overpaying for your property. With the recent housing crash you can get great property investments right now. You can get them at ridiculously low prices compared to what you could two years ago. In many cases this price is half off or even more. You might want to consult a professional real estate business here. What is key is to make sure that the rent you are being paid covers your expenses. Your expenses included repairs, maintenance, any loans, taxes, and insurance. You also have to keep in mind that 5-10% of the time you may have vacant units. This is something you need to factor in.