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Resolved Question: My family are hurting me,,,,,,?

My sister is not talking to me. I got married to my childhood sweet heart and we are doing great. We did have a breakup though and my older sister became very involved in my life at that time, and tried to force me to go live with her in the uk.I refused, as my husband and I were going to work things out. I went back to my husband and we worked it out, now we are happier than ever, and she has gone from daily txting and phone calls, to not talking to me at all? I sent her an email to ask why and she wont reply? Also my parents stop talking to me either for the same reason. Its like they are happy, when I am in misery? (I was sad when I was not with my husband) I always ignored my sister's silly jealous put downs, and evil looks, but now her true colurs have shown. I would love to just leave her, but want to do my part in trying to fix what ever is wrong? I dont know what to do. My parents are no better and feed her with lies about me. I dont know why they all are against me, no one else treats me this way. My friends are better than my family really. So what should I do, just leave them, or try to make an effort with them. My mother recently started calling me again, and I find I still shiver when her caller ID comes up! I dont like talking to her. Can I add that when we were talking they were invasive and bullying towards me of my life. eg: tryed to stop my husband from buying a large commercial property, tryed to get my husband to close down his busy successful bussiness?? Huby did it purchase it and is doing well of course. My father also lied to the police and tryed to put him in jail, when my husband has done nothing wrong. Which of course the courts found my father guilty and my husband innocent. Sounds like " meet the parents ' I know. But I am not sure If i should try to fix things or not? more

Resolved Question: Is it time to let them go?

Resolved Question: Can I claim the New home owner $8,000 tax credit if I owned commercial property?

About 9 years ago I purchased a commercial property where I had a business downstairs and lived upstairs. The business closed about 6 years ago and I am still living upstairs. The building/property is considered Commercial, Mix use and is deeded my Maiden name. We now have it up for sale. Me and my husband are looking into purchasing a new home. If we purchase a home can I still get the new home owners tax credit? more

Voting Question: Do we have to pay service tax on the purchase of offices or the commercial property?

Apart from the stamp duty on the purchase of office property, the developer is asking for the service tax on the property also? more

Resolved Question: An operation reserach question?

Six months ago, Reynold's Properties purchased an option to buy a tract of land that has the potential of becoming desirable commercial property. Currently, another real estate investment firm has offered to purchase Reynold's option. If Reynold's sells its option, it will experience a $250,000 profit. On the other hand, if Reynold's keeps the option, the success of the project depends upon what happens to the real estate market over the next year. In the worse case, Reynold's could lose $1.5 million, while in the best case Reynold's could have a $4 million profit. The decision alternatives, states of nature, and payoffs in $ millions are as follows: State of Nature Decision Alternative Market Down Market Steady Market Up Sell option Keep option 0.25 -1.50 0.25 1.00 0.25 4.00 If Reynold's managers believe that the probabilities of the real estate market being down, steady, and up are 0.6, 0.3, and 0.1, respectively, what decision alternative should be recommended? Below is the link to the scanned image of my question: http://www.flickr.com/photos/37938137@N05/3528442708/ more

Resolved Question: I need to find an investor for a commercial property I would like to purchase; a bed and breakfast?

I've had 9 years experience running B&Bs all over the country. It's time to settle down and run my own. more

Resolved Question: Will a bank lend you millions of dollars for commercial real estate?

I ask this out of mere curiousity. There is a commerical property that I believe can be redeveloped and highly profitable, but I lack the capital to purchase it and redevelop it. more

Resolved Question: wheres this story at CNN PMSNBC Feinstein routes government money to firm doing business with husband?

Feinstein routes government money to firm doing business with husband | The Washington Times reports that Senator Dianne Feinstein (D-CA) took unusual steps to route government funding to an agency that usually works from a separate stream of revenue just after the agency awarded her husband’s firm a lucrative contract. The FDIC gave Richard Blum’s firm, property management firm CB Richard Ellis, contracts to handle residential foreclosures at a higher rate than normal market price, even though CBRE had less experience in that market than other competing firms. And Feinstein got the FDIC the money even though she has no connection to the Senate Banking Committee, the body that normally deals with the FDIC: On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. Mrs. Feinstein’s intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn’t a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars. Documents reviewed by The Washington Times show Mrs. Feinstein first offered Oct. 30 to help the FDIC secure money for its effort to stem the rise of home foreclosures. Her letter was sent just days before the agency determined that CB Richard Ellis Group (CBRE) - the commercial real estate firm that her husband Richard Blum heads as board chairman - had won the competitive bidding for a contract to sell foreclosed properties that FDIC had inherited from failed banks. About the same time of the contract award, Mr. Blum’s private investment firm reported to the Securities and Exchange Commission that it and related affiliates had purchased more than 10 million new shares in CBRE. The shares were purchased for the going price of $3.77; CBRE’s stock closed Monday at $5.14. In other words, Richard Blum bought 10 million shares at the same time his wife arranged for an unusual and extremely large chunk of taxpayer money to go to FDIC. Blum must have been an investment genius to guess that his wife’s intervention would coincidentally precede the FDIC’s award, making CBRE stock more valuable. Blum’s investment made a $14 million profit for Blum and Feinstein and their partners. But of course, that’s all just a coincidence. The contract award to CBRE should raise a few eyebrows: The firm, known for its commercial real estate services, is to be paid monthly maintenance fees for each foreclosed property it handles, as well as commissions and incentives. The total compensation can range from 8 percent of the sales price on many residential properties to 30 percent for properties worth $25,000 or less. A smaller firm also won a slice of the work with similar terms, records show. Most real estate agents earn no more than 6 percent on residential, even on foreclosed properties, and CBRE doesn’t have as much experience in foreclosure sales as other firms, the experts said. FDIC awarded this contract to CBRE even though it’s more known as a commercial real estate property management firm, and it gave them more commission than agents usually get. Why would the FDIC deliberately award a contract at relatively unfavorable terms to a company with a weak track record in this industry? Perhaps they knew that the contract award would net them a lot more cash than they would have to pay out, thanks to the political connections at CBRE … and they were right. Now Feinstein wants people to believe that she and Blum had no idea that the FDIC would give CBRE this contract at the time she gave the FDIC $25 billion. How did CBRE get the contract — a lottery? They had to bid for the FDIC contract. Blum obviously knew that the bid was under consideration, or he’s the most incompetent board chairman in history. Feinstein expects us to believe that the board chairman would have no idea that his own company had a major bid under consideration for handling foreclosures at a time when foreclosures were exploding? Is that really going to be her final answer? At the very least, this shows a clear conflict of interest, especially with Feinstein suddenly jumping into the banking arena and FDIC at a time when her husband was doing business with them. It looks a lot more like a payoff and a shell game to allow her family to cash in on taxpayer-funded bailout money. ( more

Resolved Question: Commercial Property Purchasing (Lease) Question!?

Location: (Calgary, Alberta, Canada) Questions: 1.) If I want to purchase a property. Would I have to pay the mortgage in full or can I put a down payment and then pay off the mortgage monthly? 2.) I I were too Lease. How does the rate work? I assume the formula it's MP=Sq-Ft(Regular+Additional Rate). Excluding GST, & other costs. Thanks for any informative answer. BTW - I'm trying to open a small restaurant. but it's seems very more expensive than what I thought. I'm hoping perhaps someone could give me advice before I see my Realtor next week. more

Resolved Question: Help with History questions?

10. The militant Boston leader of resistance against the Tea Act was (a) James Otis (b) Patrick Henry (c) John Bernard (d) Sam Adams 11. The author of the Tract, COMMON SENSE, was (a) Thomas Paine (b) \John Adams (c) Thomas Jefferson (d) George Washington 12. The United States most valuable allie during the American Revolution was (a) Prussia (b) Spain (c) Holland (d) france . 13 The American government raised over $200 million and much of the cost of the Revolutionary War by (a) borrowing from Spain (b) taxing American citizens directly (c) printing paper money (d) requesting money from the states 1 14. How did the Revolution affect attitudes toward the education of women? (a) Women were told their place was at home, not schools. (b) Having acquired the vote, they needed education (c) The idea of female education began to be accepted as important in a republic (d) none of the above 1 15. As president, George Washington was careful not to exceed the powers given him by the Constitution (a) true (b) false 1 16. The Bill of Rights guaranteed that Congress would not interfere with the rights to (a) freedom of speech, press and religion (b) vote for all adults (c) both a and b are true (d) neither a nor b is true 1 17. Alexander Hamilton believed the United States needed a completely unregulated economy (b) a fresh start by writing off the Confederation’s debt (c) strong national government (d) an unrestricted political democracy 1 18. When confronted by the Whiskey Rebellion in 1794. Washington (a) lacked the power to suppress it (b) suppressed it peacefully with a show of force (c) ignored it until it died out (d) none of the above 19. The politician who sought to preserve it with a minimum of government was (a) John Adams (b) Alexander Hamilton (c) Thomas Jefferson (d) Henry Clay 2 20. The Federalist judge on the Supreme Court at the time of the Marbury V Madison (1803) was (a) John Marshall (b) Olliver Ellsworth (c) Samuel Chase (d)William Hubard 2 21. For Jefferson, one of the most important reasons for the Louisiana Purchase was to open a new territory for the expansion of slavery (a) true (b) false 2 22. The Federalists who organized a scheme to form a ‘northern confederacy the (a) Constitutionalists (b) War Hawks (c) Essex Junto (d) Hartford Convention 23. The Battle of New Orleans in 1815 resulted in (a) a final victory and the end of the War of 1812 (b) emergence of Andrew Jackson as a military hero (c) both a and b are true (d) neither a nor b is true 24. For a generation after 1815, the most expansive force in the American economy was (a) cotton (b) banking (c) commerce (d) iron 25. The natural highway of western commerce and communication in the early 19th Century was the ____ River (a) Missouri (b) Colorado (c) Hudson (d) Tennessee 26 The American Enlightenment advocated scientific achievement (a) True (b) False 27 loyalists in the American Revolution tended to be (a) from all walks of life (b) merchants (c) legislatures (d) laborers 28 The Erie Canal was built with (a) federal government money (b) mostly state government money (c) both a and b are true (d) neither a nor b is true 29 The Monroe Doctrine was primarily involved in (a) arms build up (b) creating a powerful navy (c) expanding U S domestic power (d) foreign policy 30 The property confiscated from loyalists was mostly turned over to yeoman farmers (a) True (b) False 31 An important consequence of the Erie Canal was the establishment of New York City as a major commercial port (a) True (b) False 32. For most African Americans arriving in the colonies in the 17th century there was very little prejudice against them (a) True(b) False 33 The phrase “the folly of England and the ruin of America’ is correctly identified with the Stamp Act (a0 True (b) False 34.Sacajawea was hired by Lewis and Clark to be an Indian scout and trailblazer (a) True (b) False 35. Which individual had the least involvement in the Aaron Burr trial (a) Thomas Jefferson (b) General Wilkerson (c) John Marshall (d) James Monroe 36. At the heart of the protests against the Stamp Act of 1765 was (a) a demand for independence (b) a demand for a bill of rights (c) a demand to boycott British products (d) a demand that the stamps not be sold in the colonies more

Voting Question: Copyright is theft. Agree or disagree?

Isn't it true that Copyright violates the rights of consumers to use property as they wish? For example, if I want to make a copy of a CD I bought onto a recordable CD I bought and give it to a friend, that is a violation of copyright law. If I decide to upload the contents of that CD I bought to the Internet onto a web server I paid for and make it freely available to anybody who wishes to download it, that is also in violation of copyright law. Defenders of copyright laws refer to copyright as a form of intellectual "property." Dictionary.com lists 10 definitions of property: 1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire. 2. goods, land, etc., considered as possessions: The corporation is a means for the common ownership of property. 3. a piece of land or real estate: property on Main Street. 4. ownership; right of possession, enjoyment, or disposal of anything, esp. of something tangible: to have property in land. 5. something at the disposal of a person, a group of persons, or the community or public: The secret of the invention became common property. 6. an essential or distinctive attribute or quality of a thing: the chemical and physical properties of an element. 7. Logic. a. any attribute or characteristic. b. (in Aristotelian logic) an attribute not essential to a species but always connected with it and with it alone. 8. Also called prop. a usually movable item, other than costumes or scenery, used on the set of a theater production, motion picture, etc.; any object handled or used by an actor in a performance. 9. a written work, play, movie, etc., bought or optioned for commercial production or distribution. 10. a person, esp. one under contract in entertainment or sports, regarded as having commercial value: an actor who was a hot property at the time. Definitions 6-10 refer to different uses of the word property. Definitions 1, 2, 4, and 5 cannot apply as copying a copyrighted work does not cause anybody else to lose their copy of the work. Definition 3 cannot apply as copyright is not a form of land. Compare with the 7 definitions of monopoly: 1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly. 2. an exclusive privilege to carry on a business, traffic, or service, granted by a government. 3. the exclusive possession or control of something. 4. something that is the subject of such control, as a commodity or service. 5. a company or group that has such control. 6. the market condition that exists when there is only one seller. 7. (initial capital letter) a board game in which a player attempts to gain a monopoly of real estate by advancing around the board and purchasing property, acquiring capital by collecting rent from other players whose pieces land on that property. With the exception of the final definition, all of these definitions seem to fit copyright and other forms of intellectual "property" perfectly. Wouldn't the phrase intellectual monopoly be a more accurate description. There are 3 definitions of the word theft: 1. the act of stealing; the wrongful taking and carrying away of the personal goods or property of another; larceny. 2. an instance of this. 3. Archaic. something stolen. Couldn't it be argued that copyright fits perfectly definition #2 of theft? Copyright laws violate the right of consumers who have purchased a product to use it in the manner that they wish. more

Voting Question: I need to know if it is a real problem or what?

I have chosen to try ans purchase property that has two homes on one lot. The area has been zoned commercial since the 20's. People have been living and working (one used as and office) in both building since. I want to know how to get financed for this to use as my home. The mortgage company I am using feel that this is a problem. I spoke with the Columbus, Ohio zoning board and they do not feel that living in the property should effect anything. The mortgage company I am using feel that if I do not have 20% of the cost I will not be able to get this property. Tell me what are my options, how do I get what I want? more

Voting Question: They are robbing FDIC to "bail out" the rich?

"Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans." I'm sorry, can some other please read this news story from yesterday very, very, very carefully, and tell me, does it or does it not explain that a private investor can put up $7000 and acquire $100,000 worth of real estate with the government matching $7000 and loaning $86,000 from the FDIC? http://news.yahoo.com/s/ap/20090324/ap_on_go_ca_st_pe/bank_rescue_88 So, for $14,000, a private investor can acquire a $200,000 property, forget the $14,000 matching grant, and slowly repay the government $172,000? What happens if that investor defaults? Who covers the loan payments to the FDIC so that it will stay solvent? Since when does the FDIC make billions in loans? The last I read about the FDIC a few months ago said it did not have enough money then to cover everyone's deposits if the banks all collapse. Why then would it be tapped to send $500 billion out its doors on a dubious economic rescue plan with full understanding that the whole plan is a risk and may fail? The rich bankers will get their money from the government loans as speculators and the naive rush to get these properties that they won't be ablle to make money off of in this economy -- lol, the banks cannot make money off of them, by what magic will the private investor using government money to get them from the banks be able to make money off them? So, the banks and those who own them will be held up for awhile, but when the problem behind this economic mess is not truly addressed, they will run the risk of failing again and there will be no money in the FDIC to cover the consumer's deposits? But the rich will have their money, courtesy of $500 billion from the FDIC? Oh my. Is that what is happening here? more

Resolved Question: They are robbing the FDIC to bail out the rich?

Voting Question: How legally binding is a "Promissory note"?

When used between two individuals to purchase commercial property more

Resolved Question: Should I pay GST on purchase of commercial property?

I bought a coomercial property at the end of January 2008. I have been collecting rent on it since then and I collect 5% GST on the net rent that I charge. I was going to fill out the GST form which is due at end of March but I noticed in my purchase documents that no GST was paid at the time of purchase. Do I pay 5% GST now, less the GST that I have collected during 2008? Do I keep deducting the GST that I collect for rent in the next years from the large sum I should presumably pay now during the following years? more

Resolved Question: 30,000 dollars...purchase commercial or first home?

i am selling my business...if i can get 30,000 for it, i would like to invest it. my first instinct is to purchase commercial property, figuring i can make a hefty return and take the profits farther down the road to purchase a home with more financial security then i do now..but with house prices the way they are now, maybe i should finally invest in my own home! i am getting impatient and ready to settle down, but i just want to make the best decision financially. any suggestions?what would you do? more

Resolved Question: Could I get the new tax credit for new home purchases if I rent out two rooms that I am not using?

I am guessing approximately 30% of my house will be considered commercial property for taxation purposes. more

Resolved Question: Tax Question Please Help!?

You personally own a commercial office building with a basis of 8,000,000. You sell it for 20,000,000 and immediately lease it back for 40 years at a rental rate exactly equal to the buyer's mortgage payment (the buyer borrowed $20,000,000 from a bank to make the purchase). No improvements will be made on the building during the lease term. You will pay all costs associated with the building. You have the right to reacquire the property at any time by assuming the outstanding mortgage and paying the buyer all of its principal payments on the loan plus a market interest rate thereon. The buyer has no duty to compensate you if the building becomes unusable for any reason. Will you recognize a gain on the sale? more

Resolved Question: Real Estate Investment: Agreement of Purchase - Should a COMERCIAL form be used or RESIDENTIAL in this case..?

Hi, I am putting an offer to purchase a property. It's a 4-plex with a Boucher shop on the main floor. so 4 residential units being rented out plus Boucher shop currently operated by the Seller. The zoning based on City Planning Department is RESIDENTIAL. After the purchase I do not plan to operate any store or Boucher shop there meaning the use will be 100% residential. However, currently one can say its use is commercial/residential mix. My question is what form should I use to put an offer - COMMERICAL Agreement of purchase or RESIDENTIAL Agreement of Purchase? I think some banks and lawyers treat commercial different than residential. How will the bank decide whether it’s residential or commercial: - Current use? (=residential/commercial mix) or - Future use by buyer/me? (=residential only) or - City Zoning? (residential) THANKS. more

Resolved Question: Should I get pre-approved first?

I want to purchase a quadraplex as a real estate investment. Since anything consisting of 4 units or smaller can be considered as a primary residence should I get pre-approved first before I go to my real estate agent? Or should I find my property first. Should I let them know of the property type? I talked with one banker and she tried to treat it as a commercial property. Is this going to make a difference in financing or should it be the same as a single family residence since its small enough? more

Resolved Question: How can I obtain a 1,000,000 USD loan?

I would like to take out a loan in order to purchase some commercial property on the Island of Oahu in Hawaii. I would like to use the property as vacation property. A house that a family, or individual can rent during their vacation. I'm not sure what the exact term for such a place is. The most I have at the moment to put down on the loan is 100,000 USD. Is that a reasonable amount to put down on a 1,000,000 USD loan? Also, I would appreciate an educated guess as to how much each payment will be per month with with interest. Also, a rough estimate of the interest rate. I have no established credit, and I am only nineteen years old. I sort of expect a high interest rate, but I needs to be affordable. If you can, please recommend me to a site, organization, or company which could help me achieve the above stated goals. Also, I would greatly appreciate any and all immediate advice provided. Thank you in advance for your help. more

Resolved Question: When buying a commercial property - is it usually worse financing conditions than residential?

Hi, Also, is it usually the same mortgage broker doing both residential and commercial or will i most likely have to work with a different mortgage broker than the one dealt with my residential purchases? THANKS. more

Voting Question: Is a commercial business lease bw family members prior to a power of sale on the land still legal/binding?

My uncle and aunt got hammered last year on their variety store/gas station business and fell behind on their payments on the property (which they also own). The mortgage company indicated they will do a power of sale on the land at the end of March if full payment is not made. There is no way the two of them will be able to do this and it will kill me to see them basically lose everything while in their early sixties. My friend had an idea though which consisted of me signing a lease to for the business portion because the commercial lease will have to be upheld by the next owner. This way, while they will lose the land, they will able to make a living by running the business that I've 'leased' from them, the original owners. [B]I know that normally this type of agreement between family members is fine here in Ontario but with my relatives' financial situation and the fact they already knew a power of sale would be coming, would this type of lease still be binding/legal? [/B] Will the mortgage company challenge this, especially as we know the company would like to sell it to one of their clients (who we know want a lease-free purchase). This is quite URGENT as all the lawyers, mortgage company, has been screwing over my uncle and aunt over the past year, I desperately want to be able to provide some way to help them. more

Resolved Question: Down Payment for Commercial Property?

Hello everyone: Can anyone tell me of a few ways to raise capital for a 20% down payment to purchase a commercial income property with a purchase price of 1million? Other info: 720 FICO Thanks, Vernon more

Resolved Question: Ways to get a Down Payment for Commercial Property?

Hello Everyone: Can anyone tell me how can a person purchase Commercial Property (Example Office Buildings at around 2-3 Million) if I don't have any money at all, but have a 700 Credit Score ? Mainly how can I come up with the downpayment? Thank you in advance. VernonI meant Commercial Income Properties ? What do you mean I have no business trying ? Do you think the whole worlds wants to trade their time for a paycheck ? It IS possible to buy income properties with no money down especially if I have a 700 Score. I'm sure other mebers will have better answers. more

Resolved Question: Can I sell a commercial property to my father outside of my Realtors contract?

I have been trying to sell my commercial property for awhile and now my father's interested in purchasing the building for his own purposes. The problem is that I'm still under contract with a realtor until 5/09. Is there anything that would exempt us from our realtor's % if we sold it to my father since he's family? Or should we just wait out the contract? BTW: We did not write my father's name as a possible buyer when we signed the contract. more

Voting Question: 100% equity in home... need loan advice?

hey all, i'm a 21 year old college student majoring in music (production/recording). i just purchased my 1st home cash/outright. i lost my mom in 2001 when i was 13 and used the modest life insurance policy she left for me to purchase the home. after losing my mom i moved in with my grandmother and lost her in 2004 after a year long battle with cancer. she left me a 1400/mo inheritance which i have been using for my education and related expenses. this $ is from her interest in a family business and will continue uninterrupted until her siblings sell the 2 commercial buildings they own and rent out. unfortunately i am a silent partner with no voting power and/or the ability to borrow and/or cash out of my interest in the co. i have 100% equity in this property and its TAX ACCESSED value is 200k. just before i purchased the property i bought (cash/outright) 50k of landscape equipment and will be self employed/full time in the spring of 09. my education is almost complete...1 more semester and will continue on a part time basis. at this moment i have 10 weekly customers (800/wk or 3200/mo) and am looking to increase that # to 20-25 by spring. my property will also generate income...it consists of a 4br house, 2 br cottage, 2 car garage and is zoned "village commercial". with this zoning, there is an option to rent part or all of the property to certain types of business... pottery shop, general store, real estate office, bar/restaurant, etc. i have a couple ready to sign a contract for the cottage (1200/mo) and 2 roommates to share the house with me (600ea/mo). i also have the option to rent out a small commercial suite on the 1st floor of the house (1000/mo). my long term plan is to use this (comm) space for my professional recording studios... not ready ($). although i do not "technically" have a declared income (yet), can i get a 100k loan using my property as collateral? moreover, can i use the rental, inheritance and landscape as income NOW, or how long do i have to wait to "technically" be considered a landlord and/or small business owner? i know i can handle this loan without any problem just with what i make right now. sad thing is... had i closed just a few months prior, it would have been "rubber stamped" by any bank and/or mortgage co. the way i found the property right up to the closing was done unconventionally... i am UNAFRAID to think and/or act out "outside of the box". any information and/or suggestions will be greatly appreciated. hope all is well. have a good one. more

Resolved Question: Is a commercial lease transferable to the new owner (landlord) of property?

I purchased a commercial building in the state of Wisconsin a couple years ago. I have a tenant who has given me 30 days notice stating that their lease is not valid since I did not transfer lease to me and have lease redrafted/signed, etc. Before I go and waste money on attorney, I figured I would check here for responses. Lease terminates 6/30/09 and renews annually - tenant gave notice for 1/2/09tenant has leased a new space and states that they do not have to honor lease terms. more

Resolved Question: Where do I find a list of real estate investors for commercial properties?

I am very good at evaluating real estate opportunities from determining simple cash-on-cash returns to calculating IRR, MIRR, and Financial Management Rate of Return (FMRR) for all income producing properties. I am also an experienced real estate broker and developer. Because of the financial crisis, I see many great opportunities now available for purchasing real estate investments all over the United States. more

Resolved Question: Where can I find and how do I contact hedge funds and buyers of large real estate portfolios?

I have been asked to help find a buyer for a large portfolio of commercial real estate in the southeastern states valued at over 100 million dollars. This is the first time that I have endeavored to do this, I am told that hedge funds purchase investment properties regularly. Where can I locate and what is the proper way to contact hedge funds and other purchasers of large portfolio's of property? more

Resolved Question: Need advice! What are some good reasons for leasing a property over buying. {Commercial R.E.} Please help.?

Hey guys im looking into either purchasing a property or leasing, I have a few ideas of the benifits however if their are some ideas out their that might help me please FEEL FREE TO comment I would really appreciate it. more

Resolved Question: What are some good reasons to lease over Owning(COMMERCIAL R.E.) or vise versa?

Hey guys im looking into either purchasing a property or leasing, I have a few ideas of the benefits however if their are some ideas out their that might help me please FEEL FREE TO comment I would really appreciate it. more

Resolved Question: Do you think anything will come of the investigation into the Rezco/Obama land deal?

http://www.washingtontimes.com/news/2008/oct/18/whistleblower-hits-obama-friends-appraisal/ "In a complaint filed Thursday in the Circuit Court of Cook County, Kenneth J. Connor said that his reappraisal of Rita Rezko's property was replaced with a higher one and that he was fired when he questioned the document. Mr. Connor, a real estate and commercial credit analyst at the Mutual Bank Corp. in Chicago, also noted in the complaint that the bank received a grand jury subpoena in October 2006 requiring it to produce information concerning Mrs. Rezko's purchase, including the bank's files on the property. The complaint also said that the grand jury wanted information on Mrs. Rezko's checking account and loan file and that the Federal Deposit Insurance Corp. (FDIC) had audited the Rezko file - although Mr. Connor's lower reappraisal had been replaced with a higher amount. " more

Resolved Question: Large single family Victorian home, converted into 7-unit multifamily rental property. Commercial loan?

I am looking at purchasing a LARGE, older Victorian home that has been converted into 7 separate units. I will be seeking a loan but since this home was once a single family, converted into multifamily greater than 5 units, will I be looking for a commercial loan as opposed to a residential loan? Any suggestions on commercial brokers if it is commercial? The property is in Tennessee. more

Voting Question: Land Law problem help?

Obviously I know I have to write it myself but I have NO idea where to start on this problem question! Here it is: Jane and her boyfriend Jack are the registered legal owners of a large house and gardens, Green Fields. When they bought green Fields, Jane’s uncle helped her out by providing £50,000 from his savings towards the purchase price. In August 2005, Jane and Jack were approached by a neighbour, Claire, who said that she was going to start a dog breeding business and would like to be able to walk her dogs around the laneways of Green Fields. Jane and Jack granted Claire a right of way for 99 years. Claire did not take any further steps with regard to this right. In November 2005, Jane and Jack were approached by Too Expensive Ltd, which was interested in buying the land to build a new superstore, and they agreed to sell Green Fields. An agent for Too Expensive Ltd visited Green fields on three occasions between January 2006 and March 2006. On each occasion, the agent met Jane’s uncle who told the agent about his contribution to the property. The agent also saw Claire walking her dogs on the laneways on one occasion, but did not approach her. Too Expensive Ltd also conducted a search at the Land Registry which came back clear. The sale to Too Expensive Ltd was completed and the transfer of title registered at Land Registry in July 2006. Shortly afterwards, when Too Expensive Ltd sought planning permission to build the superstore on the land, another neighbour, Sarah, contacted the company to say that she held the benefit of a restrictive covenant. Sarah has produced a deed between her and Jane’s predecessor in title, Dawn, dating back to a time when the property was still unregistered, stating that the owner of Green Fields was not to use the land for commercial purposes. Advise the parties Usually if a family member contributes, dont the courts think of this as a gift? more

Voting Question: Real Estate/Rental properties....LLC, LLP, S-Corp?

I am in the process of starting a part-time (full-time at some point) residential rental property business with a family member. There is a possibility we may venture into commercial real estate. We will be in business in Indiana and have no debt. I will be providing some financing with the majority coming from the family member. The long-term plan is to have me be the employee and slowly purchase a majority of the business from the family member. Are we better off as an LLC, LLP, S-Corp, etc? more

Resolved Question: Real estate/Rental property....LLC, LLP, S-corp?

Resolved Question: Real estate/rental property business...llc, llp, s-corp?

Voting Question: Please help if you can?

Traditionally, commercial property insurance has valued all property loss at a)the depreciated value of the damaged or lost property. b)the undepreciated value of the damaged or lost property. c)the actual cash value of the damaged or lost property. d)the purchase value of the damaged or lost property. more

Resolved Question: Is Personal Credit/Income Necessary to Buy Income Property?

Hello, I have saved enough where I can afford to purchase income property, such as a small 4-unit building that's fully leased. However, my credit is poor. Personal credit and income are both obviously necessary to buy a home, which does not generate any income. However, what is the case with commercial property that generates a certain sum that when combined with a necessary down payment pays for the mortgage itself, is personal credit and income necessary in that case? If so, what are some basic ballparks? If not, what is more important, the down? Other collateral? Thanks in advance! more

Resolved Question: What recourse where commercial property listed as turn key, seller refuses inspection of septic & no electric.?

The potential purchaser found a "turnkey" Commercial property which has been listed for over a year and began the buying process. This was listed as Owner finance a turnkey business (hamburger - hot dog - ice-cream shop). My understanding of a turnkey commercial listing is one that includes everything needed to open and run the business. On the initial potential purchaser's inspection of the business, it appeared to simply need some cleaning and touch up paint etc for ascetics. At one point in negotiations, a verbal offer was accepted and the purchaser was assured that the seller’s attorney would write up the contracts. Upon the verbal negotiations and offer acceptance the purchaser has sold his home, purchased another home closer to business in order to fix up and run the shop. There was a tentative closing date set, a deposit $ was negotiated and agreed upon, as well as many other terms of the sale and financing. With the inspection and further process owner was told that the septic and water needed a current inspection - The business cannot open without. Suddenly, upon realization of the cost for the septic inspection, seller decided not to sell. Seller has never seen the property, they purchased it for their children to run, and they were not successful. The business does not have immediate electric capacity, as apparently wires were cut in previous months when owner did not pay electric bills. (This was discovered at time of agent inspection - after an offer was approved) It was discovered that the business has not been open for about 3 years. The purchaser had been laid off from his 15-year job, due to downsizing within his company. Upon which he applied for unemployment, looked for a job, and considered other options. He desired to "get out of the city" and into a quieter atmosphere and the turnkey business opportunity was an appealing option. With this brief depiction of the events, is there any Legal recourse for the potential purchaser? more

Voting Question: Capital Gains on commercial property owned for 36 years?

My boss purchased a building and the lot it sits on in 1972 for $50,000. For the last 36 years he has charged rent to the company who operates out of the building, he also happens to be CEO of said company. He has recently gotten an offer for $1,000,080, but he does not want to sell because he believes he will only clear $800,000 or so. Both he and his wife receive social security, with that and the rent combined they have a regular income of less than $60,000 per year. What kind of taxes will he be looking at and how can he lower than number?? more

Resolved Question: When one makes an offer on vacant commercial land in California, what C.A.R. form do they use?

If one makes an offer on a piece of commercial vacant land in California, do they use the Vacant Land Purchase Agreement, C.A.R. form VLPA, or do they use the Commercial Property Purchase Agreement, C.A. R. CPA-11? If not one or the forms above then which C.A.R. form o is a non C.A.R. form used? more

Resolved Question: Property line never disputed for 40 years. Now is. What do I do?

The house I purchased from from parents who own the house for 30 years (I owed for 10) now has a disputed property line. Originally on the right there was a house, and the house I own shared a drive way with it, which lead to both of the garages. In 1968 the house to the right was sold and knocked down with other houses next to it to make way for a commercial space. The driveway stayed with my house since we couldn't get to the garage without it. The commerical was built and they put a fence next to the driveway. Now that commercial has been sold and the new owners are telling me the fence (that my family didn't put up) is 5 feet over on their side. Don't I own this land after all these years without dispute? more

Resolved Question: How should I answer my Senator's response (below) to my plea that she vote against the bailout? ?

Dear Mr. [soMEone] Thank you for contacting me regarding the Emergency Economic Stabilization Act of 2008. I welcome your thoughts and comments on this issue. On September 19, 2008, Treasury Secretary Henry Paulson announced a plan by the Bush Administration to stabilize the financial services sector of the economy. This plan included broad authority for the Treasury Secretary to purchase troubled financial instruments with very limited oversight and few protections for taxpayers. In July, I voted against a similar proposed bailout of Fannie Mae and Freddie Mac because it did not provide taxpayer protection and limits on executive compensation for a government owned entity. For the same reasons, I was not willing to support the Administration’s initial proposal, and I encouraged my colleagues to continue work on a plan that would protect taxpayers, provide strict oversight, and place limits on the benefits to executives who accept taxpayer assistance. In the days following the Treasury Secretary’s announcement, concerns about the danger to the broader economy deepened. The high-profile failure of numerous financial institutions caused the commercial lending market to accumulate and hold cash. The credit markets effectively froze, making it difficult for consumers to obtain loans for purchases such as homes and automobiles. The lack of lending in these areas began to place further pressure on the troubled housing market and threatened to spread deeper into the economy. Similarly, many small and mid-sized businesses were finding it difficult to obtain financing to meet their payroll obligations and purchase inventory. Many cities were entering the bond market and getting no bids, even with AAA ratings. The current liquidity crisis still poses a real potential for significant job losses. After consulting with numerous financial experts, small businesses, and bankers in Texas, it became clear to me that normal commercial lending activity would not resume without action by Congress. Despite this realization, I was still not inclined to support the Paulson plan. After weeks of negotiation, however, a bi-partisan compromise was reached. While there are provisions in the bill that I do not favor and would not have drafted, overall the need for action to stabilize the market and to protect the retirement savings of millions of Americans weighed heavily on my mind. Ultimately, I supported the Senate bill along with 73 of my colleagues. The bill we passed was a major improvement over the initial plan announced by Secretary Paulson. We increased the deposit insurance cap from $100,000 to $250,000 so that families will have added protection for savings and retirement accounts. While the initial proposal authorized up to $700 billion to purchase distressed assets, the measure we passed takes a more cautious approach, initially authorizing $250 billion and requiring the approval from Congress and the President for additional funding. Importantly, the bill we passed includes restrictions on the benefits received by executives whose companies are selling some of their distressed assets to the government. In return for purchasing the assets, taxpayers will obtain an ownership stake in the companies. Many leading economists believe that the real estate market will turn around in the foreseeable future and government owned properties and assets will be sold at a profit. A provision in this bill that I supported requires any profits realized to be placed in the nation’s treasury to reduce the deficit. If, however, after five years the government is facing a loss in the program, the President must submit a plan to Congress recommending how the money will be recouped from financial services companies. I believe that these protections are a dramatic improvement over the Administration’s initial proposal. The bill passed by the Senate included an important package of tax policy provisions. One of these provisions is an extension of the state and local sales tax deduction, which is a matter of fairness for states like Texas that do not have a state income tax. The average Texan will save $520 when they file their federal income tax forms next year. We also shielded low and middle-income taxpayers from higher taxes associated with the flawed alternative minimum tax (AMT) and included tax incentives to spur energy production and innovation including the wind energy production tax credit and the research and development tax credit. As Texans, we have learned to take responsibility for our actions and being asked to pay for the mistakes of others is something many, including myself, find deeply troubling. However, after careful deliberation, I believe that the risks associated with doing nothing outweighed the risk of passing a less than perfect bill that nevertheless includes important protections for taxpayers. Economic evidence clearly suggested the problems were spreading into the broader economy. That i============ [cont.] That is why I voted for the Emergency Economic Stabilization Act. I appreciate hearing from you. Please do not hesitate to contact me on any issue of concern to you. Sincerely, Kay Bailey Hutchison United States Senator 284 Russell Senate Office Building Washington, DC 20510 202-224-5922 (tel) 202-224-0776 (fax) http://hutchison.senate.gov========== Kat: We have no choice but to drive 10 over. Our cows do eighty in their sleep! Seriously, you're spot on, as always. Lucky for you your Senators (unlike our Sinners) did it down. Thanks! (beware the Texas Cow) ... more

Resolved Question: Would an 8-15 unit apartment complex be categorized as being a commercial or residential real estate property?

I would like to look into purchasing a small apartment complex (8-15 units) and live in one of the units while the remaining units are offered for rent. Would the apartment complex be categorized as being a commercial or residential real estate property? When trying to obtain an agent should I approach a commercial or residential real estate agent? Thank you in advance for your help! more

Resolved Question: Something smells fishy with this.(GA Real Estate Title Question)?

My boyfriend and I are trying to purchase a commercial property together. It's a low price and we're paying cash (however, we are absolutely doing a title search and getting title insurance). We submitted our first bid a day too late, and they took another. That deal fell through, and we were the only backup offer. They countered... but not on paper, just over the phone. We countered back and have been waiting about 10 days to hear from them. Our realtor has called a couple of times. We finally heard that the delay was that the investment group in NY was confused about needing a lawyer to close - they thought they just needed a title expert. Now, the other agent says they don't have the deed yet and it will take 30-40 days to get. Our realtor reminded her that you don't have to have the deed, just a clear title to start the process... she said "oh yeah, that's right." Somewhere in the conversation she mentioned about us maybe making a "deal" and putting down money and paying some until the deed came. Our realtor cut her off. All of this sounds fishy. To us and our realtor, this other agent seems to be an idiot. Are we dealing with an idiot or a scam artist? Other interesting note: I think the property was listed under this agent when the investment group bought it and now they're using the same agent. more

Resolved Question: What is the process in writing an offer for a commercial property?

I am a residential realtor. I have a client that wants to purchase a $8 million property that is listed by another broker. Do I send the listing broker a "Letter of Intent" or a commercial contract to sign? When a letter of intent is signed by the seller and buyer, does it then go to a real estate attorney? And does the real estate attorney handle the rest? Need Help ASAP!! more

Resolved Question: Where to get Commercial property insurance?

I have just purchased an investment property that has 3 apartments and a storefront in NJ. I am just having a hard time to find an insurance company that covers commercial property. Do you know any good insurance company that carry this type of coverage? more

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