I am new to owning commercial property and have two tenants who have not paid in two months. Do I have to give a notice or can I just evict them, because of the property not being a residence?
Posts Tagged ‘Property’
Can someone please show me an example of how insurance on a commercial property is?
September 20th, 2011This is very urgent, and I need to have this by tonight for a project I’m doing. If I were to rent a commercial property, I would like to know what the insurance terms would be like. How would it be written out on a piece of paper? What are all the details that are required to be down in writing? How does it look like? I am not asking for specifics or anything just an example. I will then find a property and get the specifics on my own. Please answer. Thank you in advance.
what is the potential impact on my personally if a bank puts a lien on my commercial property?
September 15th, 2011I have been paying deligently every month on my line of credit and now the bank is considering not renewing my loan. They hold the second mortgage on the commercial property and another bank holds the primary loan. What is the worst case situation the bank can force upon us??? Can they garnish my wages, credit, selling the property, etc? Help…someone. Thanks
how do I estimate the apporximate market value of a commercial property?
September 9th, 2011How does one go about assessing the value of a piece of commercial property? the key point is “location, location, location”, yes, the building is in a pretty good location in a older neighborhood where not many transactions per year. also, the seller does not have use a real estate agent. i used the formula
(rental price / square feet)*(actual area)*(25 years of mortgage payment)
trying to determine what would be the good starting point for me to bargain. anybody got other good ideas?
does capital gains tax apply to commercial property?
September 4th, 2011If I decided to sell some commercial property that I’ve owned for 20 years would I have to pay capital gains tax or just income tax on the proffit?
Is it possible to purchase investment property with no money down?
September 2nd, 2011I have recently moved and was a victum to an adj rate mortgage. Now I am renting for the first time in 14 yrs. My family has agreed to purchase a home for myself with it in their name. We have been checking and for them to purchase the home it is %20 down on investment property? There credit is about 695 so a loan is real possible. We are wanting a way to purchase an $80,000 with minumun money down if possible.
Commercial Property Pundits Forsee Both 2009 and 2010 as Bleak Years
August 30th, 2011What type of professional should I hire to help me purchase a commercial property?
August 25th, 2011I am looking to purchase a commercial property and I want to have a professional help me through the NEGOTIATIONS. Who does this…a mortgage broker, realtor, ???
How do you own property with no money down?
August 24th, 2011It was written in some money making books that you can own property with no money down.It qould be nice for that to be real but come on,no money down?Who are you trying to fool?
