Commercial properties are listed often, but you won’t see them in preferential listing like the residential listing for homes. You have to know where to find these properties, and this article will give you the tools you need to do just that.
If you are purchasing commercial real estate for rental purposes, look for structures that are uncomplicated and sturdily built. You will be able to attract tenants for these properties more quickly due to the fact that they will know the building is well maintained. This type of building also has the advantage of requiring less maintenance, an attractive feature for tenants and owners alike.
Consider all of the tax benefits when planning on commercial property investment. Investors typically receive interest deductions in addition to depreciation benefits. Other investors deal largely with “phantom income” – income that is not paid in cash, yet is still taxed. Prior to investing in commercial real estate, you should familiarize yourself with this form of income.
There are many benefits to building a personal relationship with your area real estate brokers, lenders and other investors. Some of the best deals are made on properties that are never even publicly listed. Knowing the right people and being in the right place at the right time is the only way to get in on such deals.
One of the biggest differences between a residential loan and a commercial one is the size of the down payment you’re required to make. You can increase your chances of qualifying for a commercial loan by researching and comparing lenders and loan products and trying to find investors.
There are many thing that need to be taken into consideration when purchasing a piece of commercial property, location is just the beginning. Just a little knowledge will go a long way in helping you seal the best deal in commercial real
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