Tag: Questions

Let’s Be Serious About Our Scores #13 – Commercial Property Questions

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If you have copies of the old Phase I and Phase II Environmental reports, include them as well. They will not be current, but could nonetheless help the lender in knowing when the property was last judged to be free from hazards.

At any rate, stay away from “war zones” with large tracts of run down, vacant houses, high crime rates, etc. These areas can be tempting because people do live there (generally renting) and the ratio of rental income to property values provides the landlord with a much nicer “spread” than is achievable in nicer areas. Some investors literally make a fortune in these neighborhoods. However, it’s probably the toughest segment of the business to operate in. And, alas, 90% of us cannot pull it off.

Once you manage to take and pass the Agent Test, there is a completely new challenge. You have to find an honest Real Estate Broker willing to take on a newbie. Here is where it gets tricky. Unless you have a large cache of moderately wealthy friends with great credit who are ready to buy or sell their homes, you are going to have to spend a lot of money to get started in a meaningful way. And I’m not just talking about business cards, car signs, a website and cell phone minutes.

There have been times we have suggested a seller just pay the tax! Sometimes depending on your particular situation it may be a better route to just pay the tax. For example: You have a pension and social security and just want a junk of money in a safe CD. The gains tax is 15% of the difference of your basis value less capital improvements. Your gains tax is much less then income tax, but the cash flow decreases to whatever the CD offers.

There are people who apply a mortgage loan just to buy the property that they need. In this option they are avoiding monthly stress in paying the monthly rental of the Florida commercial real estate. In this option they avoid monthly rental but paying the mortgage but the good thing about this is that they have the chance to own the property. To have easy approved mortgage loan, it is better to work with a mortgage broker.

A commercial property lease is a complicated thing. Make sure a solicitor you trust is part of your team. It will cost a bit but it’s worth it to avoid the pitfalls that can be buried in complicated legal mumbo jumbo of a standard commercial property lease. Do your homework and get out there and be a smart and savvy commercial property customer. The time and energy you put into your preparations will pay you back over and over again when you have settled into the perfect commercial property for your business. Provided by the WebWarehouse team. Give Simon or Alan a call on 0845 603 8883 to discuss any details further.

The build of your fence is another key factor. Fencing projects can involve all sorts of fences. An aluminum ornamental fence is a traditional way to go. A more durable vinyl fence can also be used. You might even consider a chain link fence or a steel fence. These are all good options that can work for different properties.

Find other agents sale or lease boards in your area and market your own real estate services to the adjacent and nearby properties. It is remarkable how adjacent properties would like to compete with an existing listing.

Safe Property Investments – 20 Questions You Need To Ask?

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It was a great time to borrow money. Having been burned from shares, many speculators sort the safety of bricks and mortar, and used the combination of the equity of their existing homes and cheap financing to create what the Economist Magazine would later call ‘the biggest asset bubble in history’.

In case, you are a family person you need to think about how far your child’s school is from the residential property that you want to take up. You need to think about the kind of social life that your child would have as well. While growing up these factors do matter a lot and proximity to the school would help avoid stress and strain on the child as well.

For young people starting out, it’s important to start preparing now so you can seize the opportunity, and detour disaster. The next few years have the potential to set you up or stuff you up.

Gurgaon is no longer considered a small town adjoining Delhi! It is a part of the NCR or the National Capital Region. Gurgaon is easily accessible through wide roads from Delhi. Buses and the Metro ply between Delhi and Gurgaon.

Compare the evaluated value of your home with the tests on identical houses in your community. This is public information and is available at your regional property or home tax assessor’s office.

You can expect to pay at least US to .00 per square foot. This will include Dominican ceramic tile floors, pine wood, or aluminum windows and doors, standard bathroom and kitchen fixtures. Plans and gardening are extra. A nice outdoor Pool with filter and waterpump is around 8.000 Usd. Of course for your new home we will do an exact calculation. One example of a very affordable house that is already finished you will find here.

Our goal is to protect the 0,000 in gain on the rental property while also maximizing tax reductions. The first step is to refinance the property with, typically, an interest only loan. A percentage of the equity gain is taken out of the property and placed into an equity index insurance product. The equity percentage is arrived at by determining the payment amount you can afford on the loan. Typically, it is tailored to match your current loan payment amount.

12 Key Questions To Ask Before You Hire A Commercial Real Estate Attorney

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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.

As to how much money should be spent on marketing, it is really a subjective question to the property and the local area. The media channels that you use should be the right ones and the timing of promotion should be suited to the local area property investors and business community.

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.

There have been times we have suggested a seller just pay the tax! Sometimes depending on your particular situation it may be a better route to just pay the tax. For example: You have a pension and social security and just want a junk of money in a safe CD. The gains tax is 15% of the difference of your basis value less capital improvements. Your gains tax is much less then income tax, but the cash flow decreases to whatever the CD offers.

Grants are usually awarded to people with a solid business plan. Develop your strategy for success and be ready to prove it when you apply for the grant money. Determine what skills you have to offer and why people will want to use your business. You should decide if your business will be based from your home or if you will need to rent a commercial property. Include all of these details in your business plan so you will be ready for action when your first grant money arrives.

You want to hone your skills so you can become a great landlord down the road. A lot of people who become landlords do not actually have the skills to do that. They have properties that sit vacant. They don’t know how to fix problems. They let contractors take advantage of them. They end up with negative cash flow.

Sure all unnecessary lights are turned off. Review any light timers and reset them. Heating and cooling costs are always an issue with retailers. Look at raising your thermostat 1 or 2 degrees in the summer months and lowering them in the winter months.

Questions In Today’s Real Estate Market #9 – Is It Smart To Buy A Commercial Property?

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You can also work with a realtor. Realtor can help you in your quest for Sarasota real estate investing. He can help you to gain some information about the market and the properties for sale in Sarasota real estate. He can show you the properties that you can invest with.

I go back to the point that relationships in our industry are really important. It can take months or even years with some prospects to get to the point of doing business with you. The ‘cycle’ of commercial real estate is quite long in both sales and leasing.

Rent is too high – Right now is a good time to renegotiate with your landlord. commercial property is going through the same issues that the housing market has been facing. A paying tenant is better than no tenant. Lower costs improve profit.

When you eventually reach the prospect or client, stay in contact with relevant information and market updates. Don’t delegate your contact processes to a support person or administrative assistant. It’s your business remember, and only you can make it happen. You as the agent must be responsible for your client relationships and database.

Before you even think about making big cuts in expenses, have an idea of what your retail industry averages are for your type of retail business. A comprehensive comparison will help attain clarity and will be the basis for a new retail profitability plan. Now that you know what to aim for, let’s move forward. Let’s say that after your comparison you have found major issues with the following expenses. What steps will you take to cut expenses and improve profit?

When you and your Property Manager are doing the walk through and Lease Audit, make sure you review the Tenant Screening Procedures on each and every Tenant. If the Seller hasn’t screened tenants adequately – you may notice that they have literally stacked the property with felons… the jig is up. Since you will be doing your Lease Audit in the early portion of Due Diligence you will be able to get out of the Contract and get your Earnest Money back.

There are some investors, however, who refuse to limit themselves to the brokerage world. For those who choose to go off-market, we won’t lie to you. It’s hard work and it costs money, time, and energy.