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Hi BP folks - With interest rates being low, it seems like a smart move to pursue a fixed rate cash-out refi on a commercial building that is in a suburb near Indianapolis. Would love feedback on whether I am in the ...
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I am looking to mitigate capital gains and depreciation recapture on an upcoming sale of a commercial building I own. Is there a mechanism to 1031 the commercial building I own into the construction of a new duplex on...
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Hi,
I have an empty commercial building in rough neighborhood(near corner of Kedzie and Cermak Road in Chicago) and its 6500 sq ft.
We would have liked to sell it but it's been a tough sell. We have tried renting...
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I see a lot of empty commercial buildings. I am am aware that people convert these into multi unit. Are there any loans that I can get to fund a potential project? Or do you have to have your own cash? Any information...
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i need to brag on my hubby (he doesn't have an account here yet, working on that).He closed a deal on 3 properties. The listing was for $70,000 and the appraisal value currently is for $120,000. He got it for $66,000....
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Hi All -- I will keep this short. I am in the middle of going into another deal and I was wondering if anyone can share their experience of using their paid rental as collateral for a down payment for a different hous...
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Myself and my partner have bought several multi-unit homes (2-4 units) recently and have contemplated buying a larger commercial property. I was wondering if anyone has strong feelings/views on buying several multi-u...
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I have two properties, one a commercial building for auto repair, the other is a mixed use building, commercial retail on the bottom floor and 2 residential units above ( this building is currently out of service need...
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Hello,
Last year I purchased a historic commercial building that had 2 tenants who just barely paid the expenses. The building is 10000 sq ft and only 3000 was being used. After a 6 months of rehab I have fou...
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I know the intent of the SBA 504 loan is for owner occupancy, but when can an owner rent to another tenant? Let's say I build a commercial building and my business occupies 60% (per SBA requirements) of the building w...