123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Commercial Real Estate 101: Essential Facts You Need To Know

Profile Picture
By Author: Derick James
Total Articles: 63
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

If you own a business, you likely want to expand your operations at some point. Growth is a key measure of business success. It allows you to reach new customers, make more money, and hire additional employees. In order to expand, however, you need space. A commercial real estate investment will get you the room you need.

Enriched Real Estate can help you find the right hub for your entrepreneurial endeavor. We offer a comprehensive summary of 20 MM+ commercial properties across the US including property data, ownership, ownership contact data, tax assessment, Guesstimate™ of market value, tax assessments, comparable sales, tenants, photos, flood map, and much, much more.

Buying commercial property isn’t the same as buying a residential home, however. Read on for a basic guide to buying real estate for your business.

Figure out how you will finance your investment.

Before you start scouring the market, figure out what you can afford to pay. Keep ...
... in mind you’ll have to make some kind of down payment if you want to secure a loan. That said, there are diverse lending options available to you. You can look at commercial loans, for example, or check out state and federal options specifically for small business owners. The U.S. Small Business Administration offers loans for commercial real estate purchases.

It will be easier to secure a business loan to invest in commercial property if you formally incorporate your business as a limited liability company. LLC regulations vary between states, so make sure to look at your local rules before proceeding. For example, establishing an LLC requires you to appoint a registered agent and file Articles of Organization, among other steps. You can take care of Texas business registration yourself or enlist the help of a business formation service.

Determine your business’ commercial needs, now and in the future.

With financial matters settled, it’s time to figure out exactly what you need. Write down a list. If you want a retail space, for example, you need to consider not only square footage but also presentation. Large storefront windows help to draw in customers from outside. If you just need office space, this kind of presentation aspect is irrelevant.

Regardless of the type of business you run, location is a central concern. If you run an office business with employees, for example, being somewhere accessible that’s near a public transport line is helpful. Also, keep in mind your future needs. If your team grows, you need to accommodate this.

Read more: https://www.enrichedrealestate.com/blog/ere/?p=3216

Know more: https://www.enrichedrealestate.com/

Total Views: 67Word Count: 414See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Five Reasons Why You Should Invest In Apartments
Author: Derick James

2. Essentiality Of Cloud-based Property Management Software To Manage All Documents
Author: Kevin Spacey

3. Find Grand Cayman Property For Sale
Author: Steven F. Colby

4. Open Plots For Sale Near Shadnagar | Suvarnabhoomi Infra Developers
Author: Suvarnabhoomi infra

5. Beautifully Designed Flats In A Luxurious Project
Author: Hemant Kumar

6. Mistakes That First-time Homebuyers Should Avoid
Author: Location Lincoln

7. What Are The Advantages Of 3d Visualization Services?
Author: BlueRibbon 3D

8. Tips To Find The Right Construction Company For The Success Of Your Building Project
Author: Rakhi Mukherjee

9. The Real Estate Scenario In Azerbaijan- The Good Prospects!
Author: Nathan Peter

10. Landscapes Are Gaining Popularity In Real Estate | Tripura Constructions
Author: PavanKumar

11. What Are The Different Courses Taught In A Realtor School?
Author: Software Base

12. Why Real Estate Is One Asset That Builds Generational Wealth
Author: Enriched Real Estate

13. Verify Legal Features Before Investing In Real Estate | Eipl Infra
Author: Kishore Reddy

14. Residential Plots In Mamurdi By Godrej - Beyond Just A Piece Of Land!
Author: Pooja Shetty

15. Mesmerizing Tile Types For Construction Uses | Unique Tile Designs
Author: Techvint

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: