Archive for September, 2011
Sep
30
Do we need to give the landlord any notice on a commercial lease?
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Our lease is ending December 31 of this year and we are thinking about buying a house to use for the business instead of renewing this lease. I have checked the lease over and over and can’t find anything that says we have to give some kind of notice like 30 or 60 days. If it’s not in the lease, are we required to give some type of notice. We aren’t trying to be shady, we just don’t know what’s going on with the house.
Quick House Sale
Sep
29
Need Commercial Insurance (P&C or Group Benefits) Sales Executives!
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Does anyone know any commercial insurance (property and casualty) or Group Employee Benefit sales executives (brokers) looking for new jobs in the following cities:
- AZ (Phoenix)
- CA (LA, San Francisco)
- FL (Orlando, Tampa, Miami)
- GA (Atlanta)
- MI (Detroit, Grand Rapids)
- MN (Minneapolis/St. Paul)
- NY/NJ (Manhattan, Long Island, Northern New Jersey)
- OH (Cleveland, Columbus, Cincinnati)
- PA (Philadelphia, Southern NJ)
- TX (Dallas, Houston)
- WA (Seattle)
- Washington DC
I am an executive recruiter and we have clients who need top-tier insurance sales executives with retail brokerage experience. Strong need for experience in: Construction, Healthcare, Life Sciences or Environmental Risk. Please send your information to roksstars_babe@yahoo.com!
Repossession
Sep
28
Commercial mortgage for apartment building..?
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Just wondering if any of you may know about this . . . I am interested in buying an apartment building. In order to be approved for the loan, do they base the decision off of the cash flow of the apartments, or my salary? Or both?
Also, if the cash flow is excellent, is it possible to get a less than 20% down payment? Thanks!
Rent Back
Sep
27
What is So Great About Property Sale and Investments in Dubai?
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There are many theories about the origin of the word Dubai, some say this term was given to the region because it was considered a smaller version of a thriving market which name was “Daba”, other theories suggest that this particular word means money. Regardless of the word’s origin, the fact is that Dubai is a well known city due to its landmarks, wealth and architectural achievements which represent a great attraction to tourists and investors.
Dubai real estate market has blossomed in the past fifteen years due to implementations of one-of-a-kind projects such as “The Palm”, “The World” islands and “The Walk”, this fantastic place has earned the interest of the world’s wealthiest people, mid-size and small investors. Today, most of Dubai population is Asian by origin, has a population which covers 185 different nationalities and offers great returns on investment to more than five thousand companies.
When someone thinks about the United Arab Emirates the first thing that comes to mind is a hot desert area, which might not be a glamorous place to live in, but the truth is that Dubai has a multicultural and sophisticated society which lives up to international standards.
Due to its accelerated growth, property investments in Dubai have become a real goldmine to everyone who is willing to contribute and participate in all the wonders this place offers. Private sector investments are now calculated to surpass the 4000 million.
The success of Dubai property sales resides in the fact that the city is properly diversified and has what are referred to as “Free Zones” which offer incentives to investors such as: repartition of profits, complete foreign ownership, tax exemptions for Levi construction and extended leases.
A few Free Zones which have skyrocketed property investments in Dubai are: media and internet city, Jebel Ali free zone, gold and diamond park, etc. Dubai property sales have also attracted major financial institutions and insurance companies which are currently regulated by the UAE central bank and are restricted to have up to 8 branches per institution after meeting government regulations.
Other important factors which have skyrocketed property investments in Dubai are the fact that businesses can be established in 20 minutes in free zones, there are no income tax and corporate tax regulations which represent a huge advantage for investors, low cost work environment as well as low energy costs and a state-of-the-art city which could be considered the eighth world wonder!.
Rent Back
Sep
26
I found a store front for lease. There is no tobacco shop in the area. I need to find out where I can dig up info in all matters related to this idea. I appreciate any help.
Quick Property Sale
Sep
25
Bulgarian Property Sales
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Bulgarian property sales are more interesting than ever as more and more investors take notice in all of the beautiful property in Bulgaria. Over the last couple of years investors are looking into Bulgarian property sales because they have been proven to be more reliable than property sales in other countries, including the United States. Many investors have lost interest in Western property sales because they have not been reliable enough as the booms always bust.
Bulgarian property sales are much more promising than sales in other countries because they are not burdened by inflation and property that is valued at dollar amounts that it could never actually sell for. Bulgarian property sales have so much more going for it because Bulgaria has all of the natural and economic factors in place to make it last. Bulgarian property sales are not here and popular for a period of time, Bulgarian property sales will continue to be strong well into the future.
If you are interested in Bulgarian property sales you will want to research the past as well as current Bulgarian property sales transactions. This will give you an idea of what you can expect from Bulgarian property sales. It’s important when looking into Bulgarian property sales to remember that the country has a lot of different things to offer you. You can get into commercial Bulgarian property sales, residential property sales, and rentals, too. There is so much that Bulgarian property sales has to offer an investor with a lot or just a little experience that you can pick and choose what sort of Bulgarian property sales you might be looking for.
If you are new to Bulgarian property sales you may want to consult with other investors and learn all that you can about Bulgarian property sales before you invest. There are many different types of Bulgarian property sales, but the Bulgarian property sales near the ski trails, hiking trails, and the beaches are the most popular for obvious reasons. Bulgarian property sales that are near areas that are frequented by tourists are generally the Bulgarian property sales that are most sought after. Bulgarian property sales are all forecasted to do unbelievably well, but it’s always a good thing to really research Bulgaria as well as consult with others that have some experience in Bulgarian property sales before you jump in with both feet. Even Bulgarian property sales requires some thought and some careful planning so be sure that you know what you are doing before you get in too deep with Bulgarian property sales.
If you want some local input on Bulgarian property sales you might want to get in touch with a local realtor. While they may not be able to give you all of the information on Bulgarian property sales you need to invest wisely they can give you accurate market information, they can let you know what is selling and what is not, and they can let you know the market trends in the way of ups and downs in the market. Generally there is not a better place to get information about Bulgarian property sales than from people who are there and are immersed in the market. New investors and old investors as well as individuals will find just what they are looking for in Bulgarian property sales.
Quick Property Sale
Sep
24
looking for auto repair shop for lease?
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Sep
23
Buying Short Sales in New Jersey
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Short sales in New Jersey can give home and property buyers an excellent bargain. Short sales are given away by their prices, when they seem far too low for the value of the property. This might be kind of difficult to tell in today’s de-valuation of property, but simply compare that property to other similar ones in the area to see if it could be a short sale or not. A question to the agent who lists the property will reveal for sure whether or not the properties you’re looking at are short sales in New Jersey, or if the prices are low for other reason like the need for repairs or poor location.
While short sales in New Jersey are designed to sell fast for less than the value of the property, sales don’t always run as smooth as that. Consider that the lender is probably unhappy about the short sale, and the homebuyer who can no longer make the mortgage payments came into the idea in a state of need. When short sales in New Jersey take place, that means that the buyer can’t make the payments and has convinced the lender to sell the property for less than its value. This helps the lender sell the home to someone who will make payments, and can help keep the buyer from being foreclosed upon or having to file bankruptcy, if that’s even possible.
The first thing to remember about short sales in New Jersey is that the price that’s offered is usually pretty close to the price the lender expects to get. So low-ball offers will probably be rejected summarily. And short sales in New Jersey aren’t always because the buyer can’t pay. It could be a case of the property being over-valued originally, or that the value has dropped, even while the buyer is current.
It’s important before you consider buying short sales in New Jersey that you know the history of the property. Look through public records to discover who the titleholder is, whether a foreclosure has been initiated and how much money is owed on the property. Having this knowledge, especially about how much is owed, can give you the upper hand when making offers to the lender. In cases where there are two loans on that property from two mortgage lenders your offer will need to be higher in order to make it work, so you may want to look at other short sales in New Jersey for better bargains.
You’ll want an agent working for you that’s handled many short sales in New Jersey to avoid the things that can drag down negotiations and closings, and make sure you get the proper follow up throughout the whole process. And an experienced agent can help protect you from short sale scams, like the home buyer who’s behind on the mortgage payments insisting that you must pay him or her a fee in order to be able to purchase the short sale, which is fraud. Get a good agent and protect yourself when buying short sales in New Jersey.
Rent Back Fast
Sep
22
Commercial Real Estate Presents Big Profit
Posted by: | CommentsReal estate has always been known as the safest of investments.
In fact, real estate investment completed after proper research into and evaluation of the property (to determine actual and future value), can lead to tremendous profit.
This is one reason many people choose real estate investment as their full time job.
Discussions about real estate tend to focus on residential real estate; commercial real estate, except to seasoned investors, is often overlooked.
However, commercial real estate presents a great option for investing in real estate.
Commercial real estate includes a large variety of property types.
To a majority of people, commercial real estate is only office buildings or factories or industrial units.
However, that is not all of commercial real estate. There is far more to commercial real estate.
Strip malls, health care centers, retail units and warehouse are all good examples of commercial real estate as is vacant land.
Even residential properties like apartments (or any property that consists of more than four residential units) are considered commercial real estate. In fact, such commercial real estate is very much in demand.
So, is commercial real estate really profitable?
Absolutely, in fact if it were not profitable I would not be writing about commercial real estate at all!!
However, with commercial real estate recognizing the opportunity is a bit more difficult when compared to residential real estate.
But commercial real estate profits can be huge in fact, often much bigger than you might realize from a residential real estate transaction of the same size.
There are many reasons to delve into commercial real estate investment.
For example you might purchase to resell after a certain appreciation level has occured or to generate a substantial income by leasing the property out to retailers or other business types or both.
In fact, commercial real estate development is treated as a preliminary indicator of the impending growth of the residential real estate market.
Therefore, once you recognize the probability of significant commercial growth within a region (whatever the reason i.e. municipal tax concessions), you should begin to evaluate the potential for appreciation in commercial real estate prices and implement your investment strategy quickly.
Regarding commercial real estate investment strategies it is important that you identify and set investment goals (i.e. immediate income through rental vs later investment income through resale) and that you know what you can afford and how you will effect the purchase.
It would be wise to determine your goals then meet with your banker (or financier) prior to viewing and selecting your commercial real estate.
Also remain open minded and understand that should the right (perfect) opportunity present itself, your investment strategy might need to be revisited and altered, sometimes considerably.
For example: If you find a commercial real estate property too expensive for you to buy alone but represents tremendous opportunity, you could look at forming a small investor group (i.e. with friends or family) and buy it together (splitting the profits later).
Or in another case (i.e. when a retail boom is expected in a region), though your commercial real estate investment strategy was devised around purchasing vacant land, you might find it more profitable to buy a property such as a strip mall or small plaza that you can lease to retailers or a property that you can convert into a warehouse for the purpose of renting to small businesses.
In a nutshell, commercial real estate presents a huge variety of and tremendous investing opportunities, you just need to recognize them and go for it.
Quick Property Sale
Sep
21
The Basics Of A Commercial Mortgage
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A commercial mortgage is a mortgage for a building that will be used for business. Commercial mortgages are like a residential mortgage, but can differ in a few ways. Commercial mortgages are a little riskier than a residential mortgage. They are not for someones home, but rather for business use, usually a start up business which in and of itself produces a risk to the lender.
Commercial mortgages require the same steps as a residential mortgage. However, with a commercial mortgage if the business has an established line of credit separate form the individual business owner, then the businesses credit is used to secure the loan.
Commercial mortgages can have a fixed or variable interest rate. A fixed rate will stay at the same percentage for the life of the loan. A variable rate will change as interest rates change. With a fixed rate the benefit is that a person will always know the cost of their mortgage payment, however, a variable loan allows a person to take advantage when rates drop, immediately.
Fixed rate mortgages though can be refinanced when rates drop and therefore the rate will be fixed at that lower rate. The choice can be difficult and should be discussed with the lender to ensure the best one is chosen for the circumstances of the business.
When applying for a commercial loan a business owner should make sure they have all of their financial information prepared and documentation ready for when they meet with the lender. If it is a start up business then they will need their personal financial records. They will also need a comprehensive business plan including business finances.
If the business is already established and has its own line of credit then the business owner will only need to provide the businesses financial information. It is best to be prepared with income taxes from the last two years for both the business and business owner.
Commercial mortgages are pretty much a lot like residential mortgages. The basics of the mortgage terms are the same. The main difference is the documentation used. When applying for a commercial mortgage a business owner needs to ensure they are well prepared to offer the documentation to prove their business is going to do well or has been doing well.
The lender is mainly interested in seeing that the business is not likely to go under any time soon. If they have any doubts it could cause problems with getting the loan. Additionally, the business owner should be willing to put up some type of collateral to secure the loan, as this will make lenders more likely to consider approving the loan. Anything a business owner can do to ensure the loan will be repaid is worth doing.
Business loans of any type are often considered risky for a lender so they are extra careful in approving them. This is important for a business owner to keep in mind when searching for their commercial mortgage loan.
Passive Income
