Commercial real estate involves different rules, regulations and tax benefits from residential real estate. Check out the articles, blog posts, and videos for advice on how to handle commercial real estate property.
Commercial Property Won’t Sell
Commercial Property Won't Sell Owner doesn't know if he can give it away or simply abandon his building Q: I own a commercial property that I no longer want to own. The market value of this property is zero as there are many abandoned properties nearby. The real estate taxes are astronomically high for a [...]
Vacant Homes and Empty Storefronts: Why so many?
Vacant Homes and Empty Storefronts: Why so many? Q: I’m curious. There are several vacant homes in my area. They look abandoned. They are or were beautiful, but year after year, they sit empty. Similarly, there are a number of empty storefronts in my area, all with substantially high, competitive rates. Why leave these storefronts [...]
Small Business Advice: Buy or Rent Your Next Commercial Space?
If you’re a small business owner who has outgrown your spare bedroom or garage, or if you’re looking to expand to a new location, you might want to consider whether to buy or rent your next commercial space. Leasing Commercial Property Let’s start with making the decision to lease a commercial space. In some cases, you [...]
Determining Value of Commercial Property | How to Value Commercial Property
When determining value of a commercial property, know the different methods available of how to value commercial property properly. Q: Our bank came in with an appraised value that is about one-third of what we originally borrowed from the bank in 2006. Our loan is coming due (we had a balloon loan) and we need [...]
Tips on How to Find a Commercial Real Estate Lender
Tips on How to Find a Commercial Real Estate Lender Here are a few tips on how to find a commercial property real estate lender and other ways to get financing if you are denied a home loan. Q: I have been investing in real estate since late 2009. My business partner and I have [...]
Commercial Real Estate Tenant Doesn’t Pay Rent
What can you do when you own commercial real estate and your tenant doesn't pay rent? How can you evict the commercial real estate tenant? Eviction laws vary by state and some attorneys specialize in evictions for commercial real estate.
Rezoning Inherited Property
Inheriting property brings up all kinds of options. When inherited property can be zoned as commercial or residential, an heir is faced with many decisions as to how to deal with the property. It's important to take one step at a time when dealing with inherited property.
Siblings Inherit Commercial Property
Siblings have inherited property and now face several decisions on what to do with it. If everyone agrees to sell the inherited property, finding an agent who specializes in this type of property will help. If everyone agrees to keep the inherited property, someone will need to manage it, handle the finances and necessary repairs.
Concealing Information Leads To Illegal Lending
A real estate investor wants to know if an unusual deal where he is willing to pay more than the asking price is considered illegal lending activity. The buyer is wondering if paying the seller outside of the stated deal with the mortgage company and not informing the lender is illegal. A buyer and a seller can agree to one price in a contract and agree that the seller will credit or pay the buyer money back at settlement. However, some people might suggest this transaction is illegal because you have a lender involved.
Residential Versus Commercial Mortgages
If you're thinking of buying a home as an investment property and then turning it into office space - should you look for a residential or commercial mortgage? With a commercial mortgage, you'll pay more in interest rates and points and fees. A residential mortgage may also offer a higher interest rate but it will be less than a commercial loan. One of the keys to find finding the right mortgage is talking to several lenders.