16 October 2018 | 5 replies
"A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.
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15 October 2018 | 6 replies
Meaning that the multifamily must go into my personal name.If I quitclaim the property to the LLC after closing escrow on a commercial loan, I have heard such action could trigger a “due on sale” clause whereby my total loan amount could become due and/or I could be required to pay a prepayment penalty.Without the LLC, my tax structure is less favorable and I am exposed to personal liability.Any guidance on this situation?
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6 August 2021 | 76 replies
I was once a commercial loan agent in a prior lifetime.
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14 October 2018 | 1 reply
What questions should you ask when looking at buying a commercial warehouse?
14 October 2018 | 3 replies
There are some loopholes allowing you access your retirement funds early, but you must plan for it.
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13 October 2018 | 0 replies
Hello BP,I need a commercial real estate appraisser covering the Houston TX area.The property is located in spring Texas and the appraisal is needed urgently.Any recommendation is greatly appreciated.Thank you all.
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17 October 2018 | 3 replies
I received an interesting proposition today - if I find a tenant for a commercial property then I'll get paid a "finder's fee" by the owner.
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22 February 2019 | 38 replies
In any case, you really shouldn't need to ask us what to do with $1 million plus more to come - you should ask yourself "If I had access to $1 million in a credit line, what would I do with that money?"
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4 November 2018 | 9 replies
However, because 2-4 unit buildings are considered multi-family residential, not multi-family commercial as is the case with 5+ unit buildings, (although a 2-4 unit will still be considered commercial for property tax purposes) you can owner-occupy up to a 4-unit.
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19 October 2018 | 2 replies
@Daniel Urban, a commercial property's value is based on how much money it IS generating, not how much it COULD be under ideal circumstances (there are exceptions, of course).If you're serious, I would determine it's value based on the information you have and generate an offer based on that.