Commercial Income Property Financing: Part 1 of 3

Written by Cameron Brown


Welcome to this first portion of a three-part series about income property. In this first segment we will be discussing financing options for commercial income properties as well asrepparttar upside (and downside) of owning this type of property.

If you're interested in getting intorepparttar 142844 income property business, chances are you'll need financial assistance from your local bank or private lending institution. You'll soon discover that making sense ofrepparttar 142845 many different options available can be confusing if not down right frustrating. If you're new torepparttar 142846 income property market you may be unfamiliar with some ofrepparttar 142847 terminology you'll hear. The purpose of this article is to assistrepparttar 142848 novice in getting a good start in this potentially lucrative industry.

There are many different options available to you depending onrepparttar 142849 type of income property you're interested in investing in. Most lenders will recognize three separate and distinct types of property, each with it's own financing requirements. These properties include commercial, residential, and industrial income property.

Commercial Income Property

If you plan to invest in a commercial income property, you're probably planning to rentrepparttar 142850 building to retail businesses for use as office or warehouse space. As a commercial income property owner you can benefit from a perk not usually available to residential or industrial income property owners; you haverepparttar 142851 option to charge a percentage of your tenants monthly income in addition to a set monthly rent.

This percentage is usually based onrepparttar 142852 gross monthly sales revenue of your tenant. For example,repparttar 142853 rental contract may include a $5000 per month base rent amount plus 5% ofrepparttar 142854 tenant's gross sales forrepparttar 142855 month. If you're tenant brought in $20,000 of revenue last month, you get an additional $1000 on top ofrepparttar 142856 $5000 base. You may be unfamiliar with this type of arrangement, but it is actually quite common.



Buying Property In Spain

Written by Rhiannon Williamson


It’s high time someone advocatedrepparttar use of common sense and suggested that those people looking for that dream home in Spain actually apply a cautious approach to buying!

After all, real estate is such a significant purchase for most people that you’d think people would be only too ready to think twice and long and hard before committing to purchase – especially when buying abroad whererepparttar 142828 rules and customs differ greatly to what we may be used to.

But it seems that so many people are seduced byrepparttar 142829 sunshine in Spain and by aggressive and slick agents and developers that they are willing to purchase unseen, to buy off-plan or even remotely viarepparttar 142830 internet and to basically purchase withoutrepparttar 142831 slightest clue about just what it is they’re getting for their money.

People are buying Spanish property withoutrepparttar 142832 completion of surveys, without employing independent legal advice, without consideringrepparttar 142833 long term investment potential of their property and without consideringrepparttar 142834 practicalities of owning a second home in an overseas location…and what’s more worrying isrepparttar 142835 fact that due to Spain’s universal appeal more and more people are doing so every year.

So,repparttar 142836 time has come to promoterepparttar 142837 idea of applying a cautious approach to buying property in Spain starting with - don’t leave your brain onrepparttar 142838 plane…

When you arrive in Spain you will undoubtedly be seduced byrepparttar 142839 surroundings of your chosen destination, you will be able to immerse yourself inrepparttar 142840 dream of owning a home inrepparttar 142841 idyllic location and living a holiday-like lifestyle all year round should you so choose…and these feelings will leave you elated but vulnerable torepparttar 142842 traps and pitfalls that are there at every stage ofrepparttar 142843 property buying process. Remember, those traps and pitfalls exist in every country inrepparttar 142844 world and do not change just because you’ve change country!

Therefore, before you even travel to Spain you have to arm yourself to deal with buying a property. If you get your mindset right and you set yourself a realistic budget based onrepparttar 142845 research you do intorepparttar 142846 types of property you’re interested in andrepparttar 142847 region you’re interested in you will step offrepparttar 142848 plane prepared.

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