How To Win In Commercial Real Estate Investing: Find, Evaluate & Purchase Your First Commercial Property - in 9 Weeks Or Less (Rich Dad Library) by R. Craig Coppola & R. Craig

Author:R. Craig Coppola & R. Craig [Coppola, R. Craig]
Language: eng
Format: azw3
ISBN: 9780991110414
Publisher: RDA Press, LLC
Published: 2014-03-24T16:00:00+00:00

GET COMFORTABLE WITH FINANCIAL INFORMATION

This is also the time to do some research related to financing and to get comfortable with the financial aspects of the kind of properties you are considering. For example, contact a few lenders and set up exploratory meetings. The goal of the meetings is to discover the following information:

Current Interest Rates: What are the prime interest rate and the bank rates for commercial property investment?

Projected Interest Rates: How much or how little are interest rates expected to rise or decline in the coming quarter?

Loan-to-Value Amount for This Type of Property: How much is the bank willing to loan based on projected value, what is the typical amount of equity required, and the loan payments?

Fees: What are the loan origination fees for this kind of property, the property taxes, and insurance?

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