29 March 2012
Posted by Dennis under: Key West Commercial Real Estate .
When buying rental properties, avoid the difficulties involved with smaller properties. Experienced investors advise buying complexes with over 10 units. This is far from a hard and fast rule however. If careful research leads you to believe a given small complex will be profitable, don?t rule it out simply because of its size alone.
To find a trustworthy real estate firm, inquire about their methods on how they make a lot of their money. They should be able to discuss the question openly and tell you that their best interest differs from yours. Once you understand how the broker profits from the transaction, you can choose one whose profit centers align with your business goals.
If commercial property is something you?re thinking about investing your time and money in, take the tax advantages under consideration. You will get good tax breaks for interest and also benefits for depreciation. However, investors sometimes receive ?phantom income?, which is income that is taxed, but not received as cash. Prior to investing in commercial real estate, you should familiarize yourself with this form of income.
The preceding advice demonstrates that it is entirely possible to make a significant amount of money in the commercial real estate market. Making money in the commercial real estate market is a combination of having the right info, having the right talent, and a nice helping of luck, as well. Not everyone will turn huge profits every time they buy a property, but by using the tips in this article your chances will be higher than your peers.
For more information about Key West Commercial Real Estate contact Gary Smith at http://www.keywestlifestyle.com
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