If you own a commercial property in Florida, you want to make the most of your investment. At some point, you might decide that renovating your building makes solid economic sense. While many factors determine the success of your property upgrade, two factors play...
Month: April 2023
Securing a loan for a commercial property
Many people living in Florida choose to invest in commercial real estate as a means of generating passive income, particularly after retirement. There are many different types of commercial real estate out there that you may want to put your money in, but you may need...
Making the down payment for a multifamily property
Many people looking to invest in commercial real estate in Florida seek to put their money into multifamily properties. If you count yourself among those looking to invest in this type of commercial real estate, it pays to understand the down payment process and how...
What should you know when buying commercial real estate?
Buying a commercial real estate property is not something you jump into lightly. Consider some critical elements of the property and the buying process before you sign the dotted line. Think critically about the location Location is a defining component of a...
What if your appraisal and purchase price differ?
Most banks, when working through a lender, will not lend you the full amount if a property appraises for less than you offer. Thus, if you make an offer and the appraisal sets the value of the property to 10 percent less, the bank will only lend 90 percent. A seller...
Can you take advantage of the commercial real estate market?
If you stay on top of the headlines, you probably know the commercial real estate market is not looking too hot. In fact, according to reporting from CNN, the market is in trouble due to both falling interest in commercial spaces and the ongoing banking crisis. As you...
