Commercial Real Estate News
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Taxes have a habit of making things complicated.
Selling a rental property comes with a few extra tax complications when compared to selling a house or primary residence. Unlike a home, a rental property generates income, which makes it a business investment in the eyes of the IRS. They see a liability, and before you know it, you’re handing them far more cash than you’d expected.
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Buying a property involves paying (either upfront or through spaced-out payments) to own said property in its entirety. Leasing means you’re paying to use the property for an agreed-upon period of time, rather than owning it yourself. Despite the benefits of owning a property, leasing remains the popular choice.
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No one ever said purchasing commercial real estate was easy.
The process behind your next (or first) big property acquisition can be a complicated one. There are multiple steps, plenty of hurdles and more than a few question marks that come with the territory. Being able to navigate these steps will be crucial for making sure that every aspect of the purchase – from the property itself to the deal you sign for it – falls into place.
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Leasing commercial property is a crucial step in your business’ growth and continued success.
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That new investment property isn’t going to buy itself, but you’ll need to know the basics before signing on any dotted lines.
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Being a commercial real estate owner comes with a hefty set of responsibilities.