You have made up your mind that an active real estate investment fits into your future. Now what?
Unless you are a contractor or have tenants asking you to build property for them to lease, you should look for an existing property. If you are just beginning to acquire your first investment, look for properties with existing tenants.
Also look for small properties with a low risk of investment so you can finance the purchase through a bank without the need for additional... [MORE]
If you currently lease your business space, you may want to consider owning commercial property. The decision to explore ownership has many variables to consider:
• Can you afford to purchase a building having a 20 to 30 percent down payment? Does your income allow for the payment of a loan payment plus
the operating costs of a building?
• Do you expect your space needs to remain the same in the next five years, or do you expect your needs to grow or shrink... [MORE]
Commercial real estate ownership may be for you. This blog will investigate who should own commercial real estate, reasons to own real estate, how to go about looking for the right property to meet your needs, determining what the property is worth to you, negotiating the purchase, walking through the due diligence, financing, the closing and finally managing the property. Stay tuned!