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If you're interested in getting started in commercial real estate but not sure how to finance your first income property, then this presentation is for you.You'll learn about 4 perfectly legal ways to get money for your first commercial income property, so that you can start making a passive income.
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4 Unusual Ways to Get Financing FOR COMMERCIAL REAL ESTATE INVESTMENT PROPERTIES
4 Unusual Ways to Get Financing For Commercial Income Properties Some commercial income property owners are anxious to get the property off of their hands. Finding out how long a property has been on the market, as well as checking into how well it has performed, can give you a clue. Seller financing allows the seller to refinance at a more affordable rate. They obtain financing, you retain the property deed, and both sides end up satisfied. 1Seller Financing
4 Unusual Ways to Get Financing For Commercial Income Properties Several services now make it easy to dip into your IRA or retirement account. They work by allowing you to transfer money from your 401(k) and IRA to a C corporation. The funds can now be used to buy a commercial income property - tax and penalty-free. 2 IRA and Retirement Accounts
4 Unusual Ways to Get Financing For Commercial Income Properties Despite the economy, there is actually an increase in the availability of loans from the SBA. Due to the recovery act, government guarantees have gone up to almost 90%, meaning you might be able to put down as little as 10% on a prospective commercial property. The SBA’s 504 program, which is meant to boost local economy or to boost the business of certain groups. If you fall into one of the eligible categories, and plan to maintain a business office in the building, you might be able to qualify for the 504. 3 U.S. Small Business Administration
4 Unusual Ways to Get Financing For Commercial Income Properties Stimulus money comes from stimulus programs, which boost the economy through various projects and regulations. One of the best ways is through Onvia, a bid tracking service. Onvia notifies you of emerging funding opportunities for your business through email alerts. 4Stimulus Money
7 TIPS FOR REAL ESTATE INVESTORS Still not sure what's best for you? Contact an experienced real estate broker at Westwood NetLease Advisors. You'll get a free 3o minute consultation, and solid advice on how to get started investing in your income property. Visit our site for more information on your commercial real estate income property Questions?