Welcome to Real Estate Guide
Real Estate Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Purchase Commercial Real Estate Foreclosures
from:Purchasing commercial buildings can be an expensive venture however there are ways to buy commercial real estate at bargain prices. Commercial real estate foreclosures happen when a business defaults on a commercial mortgage loan. Sometimes commercial real estate foreclosure listings can be a great way to get a commercial building in great shape at a cheaper price.
Proper zoning is important
One should know what they are looking for before beginning the hunt. Be sure the building chosen is zoned properly for the type of business that the commercial real estate building will be used for. Buildings that need to be rezoned before they can be opened for business can be a hassle. Finding the right building with the right zoning can elevate one step in the opening of your business or the resale of the building.
Great reasons to buy commercial real estate
Purchasing commercial buildings can be considered an investment. Commercial real estate buildings can be used to start a business, sold to someone else for more money than what you paid or rented to someone who wishes to start their own business. Purchasing commercial real estate buildings is a great way to diversify your portfolio and create wealth as well. In addition there are tax benefits available to people who purchase commercial properties. Learning about all of the benefits of purchasing foreclosed business buildings is well worth the time that will be invested in the learning and purchasing process.
Take advantage of the knowledge of industry experts
While it is easy to purchase a listing of commercial properties that have been foreclosed on and make your own decision, using industry experts such as real estate agents or property management firms that specialize in commercial properties is invaluable. Allowing the experts to guide you through the process may mean a little less return on the investment as well as a little less cash flow but the upside is that you will lower your risk factor. In time you can learn what the experts know just as with any other investment but when you are just starting out the best advice is to find someone with a good reputation and work closely with them.
Don’t forget to negotiate
Finally don’t forget to negotiate the deal. While negotiating on a foreclosed property might be a little trickier than negotiating the deal on a listed property there is still a chance you could get the property below the listed price. The less you pay, the less risk you assume. The goal to keep in mind is to end up with the best possible financial scenario. If the building will only hold one tenant instead of numerous tenants you are looking at a higher risk factor. If that tenant leaves you could be left holding the bag. A building that can hold numerous tenants is a much more secure purchase, especially for the beginning commercial real estate investor.
Real Estate Mortgage Specific links
Real Estate Mortgage News
Mortgage Compliance and Real Estate Loss Mitigation Company, American Loan Compliance, Featured in National Business ...
NEW YORK, Feb. 7, 2012 /PRNewswire/ -- American Loan Compliance, America's leading loss mitigation and commercial mortgage loan audit report experts, were recently featured in the press showcasing the ...
Read more...BRT Realty Trust Reports First Quarter Results for December 31, 2011
GREAT NECK, NY-- - BRT REALTY TRUST , a real estate investment trust primarily engaged in the business of originating and holding for investment senior mortgage loans secured by commercial and multi-family ...
Read more...Monmouth Real Estate Investment Corporation Reports 1st Quarter Financial Results
FREEHOLD, N.J., Feb. 8, 2012 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (the Company) (NYSE: MNR - News) reported funds from operations (FFO) of $7,450,000 or $0.20 per share for the three months ...
Read more...Real estate lawyer charged in 2010 fraud scheme now accused of stealing $75,000 from Staten Island woman
STATEN ISLAND, N.Y. -- A real estate lawyer already facing prosecution in a Brooklyn mortgage fraud scheme now stands accused of stealing a $75,000 down payment from a Staten Island woman who was selling her house. Prosecutors say Jarrett Haber,...
Read more...Family of Missouri Real Estate Agents Sentenced for Mortgage Fraud Scheme
Three members of a Monett, Missouri, family who were all involved in a Springfield, Mo., real estate company were sentenced in federal court today for their roles in a nearly $11 million mortgage fraud scheme that involved more than two dozen residential properties and earned the family more than $1.3 million in illicit profits.
Read more...