There are many incredibly important steps that a prospective buyer must take on their way to purchasing a new home. Some are familiar, others aren’t. Nevertheless, they must all be undertaken with the utmost attention and deliberation when considering the consequences. Just think about what can go wrong if you don’t have a homeowner’s insurance policy to fall back on!
If you’re looking to get your home sold in a timely manner, it’s important that you set a reasonable, attainable sales price to interest and attract potential buyers. Depending on your individual property, there are several factors that can determine your house sale price.
In December of 2016, the Federal Reserve decided to increase the key overnight bank lending rate by a quarter of a percent for only the second time since the 2008 financial crisis. It may not seem like much, and it may only be a short-term deal, but this will produce major consequences for the housing market and affect long-term loan rates for homes.
One of the most important steps to buying commercial property is securing the necessary payments and funding to complete the transaction. With an undertaking of this magnitude, it’s essential that you practice due diligence in financing your commercial building. Whether you’re an investor, business owner or landlord, use this guide to learn how you can finance a commercial real estate property.
When renting property, a landlord or the homeowner will usually cover maintenance expenses and resolve most problems. However, what happens if there’s a robbery or a fire? Contrary to popular belief, some accidents that may arise aren’t the responsibility of the landlord. For protection from those incidents, there’s renters insurance.
Owning rental property is usually a sound financial investment. Besides all the money you’ll save by becoming your own landlord, there are still costs and expenses that people never even think of when they take on this responsibility. But if you have the right knowledge to make informed financial decisions, it won’t be difficult to yield a lucrative return on interest. When it comes to owning rental property, just follow these tips and you’ll be saving money in no time.
As a first-time investor in Long Island real-estate it can be difficult to decide which type of property you would like to invest in. Buying commercial property in the right location can yield significant returns, but the initial cost may be too great. Residential properties might not be as profitable as commercial properties, but they do have their perks for the right investor (more personable, community-driven individuals). If you're undecided about which type of property you would like to acquire, or if you are exploring options on how to invest in both commercial and residential then you may want to check out a mixed use property.
Commercial space insurance one investment that after you send the check out, you hope to never have to see any of that money again. It is a necessary business expense. Through the course of business, no matter your industry, there are things that could go wrong and devastate your company. Fire, natural disasters, accidents, water damage, litigation and theft, are all examples that can hurt your business. Businesses who think commercial space insurance might not be necessary are leaving themselves vulnerable to these very expensive vicissitudes of life.
Are you in the business of buying and selling real estate? Tired of paying out your gains at tax time? Let us introduce you to the 1031 exchange!
Usually, when you sell a business or investment property and have a gain, you have to pay a tax on that gain at the time of the sale. With a 1031 exchange there is an exception that allows you to postpone paying taxes on that gain if you reinvest gains into a similar property in a like-kind exchange.
To help you save at tax time and reinvest your gains we will explain key aspects of a 1031 exchange, who qualifies for a 1031 exchange and what a like-kind exchange involves.
Although many people start their real estate investment journey with residential properties, investing in commercial real estate can really balance out your portfolio and pad your pockets. Mind you there is no overnight success in any investment, investing in commercial real estate can definitely bring your investment portfolio to the next level.
Although there are differences between investing in commercial real estate and residential, you are going to have to understand the different rules and terms, we aren’t talking apples-and-bananas here, it may be time to make the leap and pad that portfolio with a few commercial properties. The following are the differences between commercial and residential real estate investments.