Foreign buyers are getting immensely attracted towards the purchase of commercial property in India. India has seen an amazing amount of spurt in the growth of commercial property in the recent years with enhanced industrial growth. India is following the global trend of a heightened industrialization. There has also been an increase in the world demand for commercial properties due to globalization which makes it easy to set up industries anywhere in the world. There has also been an increase in the commercial property investment due to the income stability in this sector as compared to the stock market. A large number of foreign commercial investors are bringing huge bucks with them in this country for investment in commercial property.
Finding a lucrative commercial property in India has to be done keeping the cost and the legalities involved. It is very important to buy commercial property from legalized brokers and developers. You will have to make sure that you are getting ownership of important documents like Title Ownership Documents. You should also ensure that you are getting a stamp duty on the property from a local court that you are purchasing.
For this it is very necessary that your seller possesses documents like Agreement to Sell Conveyance Deed, Gift Deed, Exchange of Property, Power of Attorney, Partition Deed and Lease Transfer. With the help of an online real estate consultant, you can easily locate a commercial property according to your needs and budgets in the most desirable locations. You can easily buy a commercial building in the industrial areas of Noida, Greater Noida, Ghaziabad, Gurgaon, Mohali, Delhi, Faridabad, Mohan Nagar, Panchkula and Ludhiana. You get an amazing opportunity to easily find a commercial property in these places with facilities like fully-equipped multistoried commercial buildings built by the most advanced builders. These commercial properties are built in areas that are equipped with great amenities like elevators, escalators, 100% power backup, two screens multiplexes, high tech security with centrally monitored offices with webcams and personal security guards, advanced firefighting systems and centrally air-conditioned offices.
All these commercial properties are located in townships developed especially for the purpose of industrial development by the government. They are also located in the vicinity of the Highways to facilitate commutation by the users. These commercial properties can be easily located with the help of an online real estate consultant and you are also ensured a timely possession.
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econochristian.com Gerald Celente predicts the crashes of big-box retailers, and subsequent crashes of commercial properties. Spot on!
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What are your top resources to find funding for commercial property if you're a woman or minority ?Looking in the neighborhood of 750k – 1.5 million dollars… Assuming the only thing you have to liquidate any assets from would be the home and 401k what are other options where this level of funding could be acquired (DO NOT INCLUDE credit cards or venture capitalists in your responses) ?
I need answers that speak towards women and minorities seeking loans to acquire commercial property.
Thanks!
how did the Assessor come to assess the garage as "commercial". They would have had to have some reason. Did you ever claim the garage as a deduction on your income taxes for business purposes. We need more info from you. The Assessor wouldn't just out of the blue claim a garage as commercial, unless they had a good reason.
The city of Dallas will have a property map showing the zoning for all properties in the city. You can give them a particular address and they will give you the zoning guidelines for that property.
The National Association of REALTORS (NAR) has a website with all the REALTORS and if they have been the subject of any indiscretions. They won't have any public listing of income ranking etc. because that is against privacy laws.
On the website http://www.findacareerhere.com there is a salary calculator that tells you salary and also gives you a job description. Hope this helps.
You can get a loan, but a commercial one, not residential.
First things first.
You are already paying all of the interest, so any additional payments would be principal reductions, which offer no tax benefit to you.
Unless you are a real estate licensee, your rental business constitutes passive income, and you are limited to a maximum of $3,000 in deductions against earned income. All passive income sources are aggregated, so you can deduct a maximum of $3,000 per year, regardless the number of different businesses or properties or activities that count as passive income.
Additional losses may be carried back up to three years or forward up to seven years, but are lost forever after that.
Paying down principal is probably not in your best financial interest, as it will lower your rate of return on your investments. See a tax planner or financial planner to find ways to maximize your investment returns on an after-tax basis.
I would recommend that you use the extra money to fund a tax-deferred retirement vehicle, rather than reducing principal. If set-up properly, you can use your retirement account as a business partner for your real estate investing and gain a whole host of tax benefits. Again, see a professional in your area.
Good luck to you!
Properties on Yahoo are normally take from other places/sites. If you list the property with a brokerage/company it should go onto local the local MLS, sites local real estate sites, REALTOR.com and then will show on other sites like yahoo, msn, homes etc. Sometimes when you list FSBO (for sale by owner) and put it on certain FSBO websites it will also post on Yahoo.
i would go with a conventional loan only because you don`t know what the market will be like in 2-5 years
Yes you should refinance if you have the income to support it. It sounds like a good plan, good luck.
My company specializes in providing the SmartChoice Commercial Loan Program. What I feel makes it the best type of loan for business owners like yourself looking to buy real estate for their businesses, is that with it you will have to put as little as 10% down to buy your property making it the least expensive capital out there. We also provide below-market fixed interest rates and terms of up to 25 years.
It’s a good idea to put down as little cash as possible for your commercial property, and there are a couple of reasons for this. First, you free up more capital that can be re-invested in your business. Second, this is a long-term investment in your commercial property. You’re probably counting on this as a retirement vehicle (at least, you should, if you’re not already).