In the commercial real estate business, you will come across properties that need repairs. Depending on the agreement, parties and condition of the property your ultimate decision may either make or break you. So, here are a few options you may want to consider when buying commercial buildings that need repairs. Negotiate a Fair Purchase
When you're buying your first restaurant in the Florida Keys, here's what you need to watch for as far as features go. Features to Look for in a Building When You're Buying Your First Restaurant If you're interested in opening your first restaurant, you have a lot of research that you need to do. Starting
If you were a real estate investor, say, 10 years ago, you might have heard that senior housing was the next big thing. Back then, the Baby Boomer generation was the largest, and it followed logic that they'd need places to live. As it turned out, the senior housing boom predicted 10 years ago might
Key West is a booming tourist destination. This means it can also be a lucrative investment. Many people purchase homes in the Keys to use as vacation homes or seasonal residences. This means the property is sitting there unused for months when it could be making the owner money. The City of Key West requires
If you're new to commercial real estate, or investing in real estate period, you may not be aware that there are four market phases that you need to get to know quite well. Fortunately, they aren't difficult to understand, but they play a tremendous role in what's hot, what's not, and what type of real
When buying commercial property, it's tempting to make an offer on the first property you fall in love with - and while you might not make an error by following your heart, chances are greater that you could. You should consider buying commercial property the same as entering a committed relationship, because that's what you
When someone is looking to define the difference between residential and commercial real estate, the most important thing to help you remember is to consider what the property is being used for. If the primary use is going to be to reside or live in, it is residential property. When the primary use of the
If you've never investigated the ownership of commercial real estate, you might be in the dark about why people wish to take on a loan commitment in addition to residential property. For some, the answer is very straightforward - it's their primary source of income/how they own a business! For others, though, it may not
If you're in the market for a new commercial real estate property, it's an exciting time! No doubt you have many dreams of where your new business and building can take you. Always be sure that reality and your goals align, however. It can be tempting to overlook certain things because there's other aspects about
When searching for a commercial business loan, there are many types out there, and if you have little experience with commercial business loans, it is smart to seek an accountant's advice before you sign on the dotted line. There is so much that differs between types of loans, types of business, how much risk the
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