Texas Commercial Loans

How to Appeal a Property Tax Assessment If you want to know how to appeal a property tax assessment, you’ve likely just received a letter. Or, you’re reviewing your property taxes online. It comes straight from the official source. So, there’s no doubting (or believing) it’s true. Just how did the assessor come up with this figure and what can you do to dispute it? Generally property taxes are calculated by multiplying the home’s assessed value by the local property tax rate. Now, that sounds both obvious and confusing, but if you work the numbers, you’ll begin to uncover the formula. How to Appeal a Property Tax Assessment If you’ve just received a letter from the local property appraiser or tax collector and believe that it’s incorrect, re-read the entire document carefully. Don’t scan it -- peruse it and be sure to check the back. More than likely, you have 30 days to challenge the assessment and the steps for doing so are probably included. However, if the procedur...

What You Need to Know about SBA Loans There are some things you should really know SBA loans. If you’re about to go into business for yourself or are looking to expand, you[‘ve probably heard about the Small Business Administration. It’s an institution which exists to help small companies establish a presence, grow, and thrive. But, it’s not actually what most people believe it is (though these facts should be well-known). Yes, the Small Business Administration does assist companies in many industries with different needs, but it does so in a way that’s not like most people realize. With this in-mind, let’s take a look at what you need to know about SBA loans. What You Need to Know about SBA Loans Okay, we’ll begin with the first thing you ought to know about the SBA -- did does NOT loan money. That’s right, although you might hear about SBA loans, the governmental entity itself just doesn’t loan money. Instead, it helps connects businesses to lenders who generally...

1031 Exchange Loan Rules 1031 Exchange loan rules unnecessary cause a lot of confusion. People who are unfamiliar with the process usually have misconceptions about what it is and what it isn’t. That’s a real shame, because this simple tax law is great for real estate property investors. If you’ve not heard of a 1031 exchange or have encountered the term, you probably have a few questions. So, let’s look at the basics of 1031 exchange rules. 1031 Exchange Loan Rules Okay, so a 1031 exchange gets its name from the United States tax code. Most of us are familiar with other provisions, like the 401(k) or 403(b) -- both of which relate to retirement investing. But, a 1031 exchange is all about real estate. And, it provides some great benefits to property owners. Also called a like-kind exchange, this procedure is used for its big time tax advantage and other benefits. However, there is often confusion about how it actually works. The purpose of a 1031 exchange is to “s...

What is a Hard Money Loan for Real Estate?  There are many types of financing options available for residential real estate transactions. But, the choices narrow considerably when it comes to multifamily and commercial properties. That’s simply because these parcels and improvements cost a lot more. And, the more money loaned, the bigger the risk. So, there are fewer financing options available to investors and business owners. However, there is one alternative which offers some key benefits -- they’re known as hard money loans. What is a Hard Money Loan for Real Estate? If you’re new to hard money loans or haven’t heard the term before, you might wonder exactly what these are and how they work. Well, put in a straightforward way, hard money loans provide financing from a group of individual investors or an enterprise entity. In other words, people put their cash in a fund to loan out. This gives investment property buyers and business owners access to funding without having to...

Benefits of Getting Multi Family Hard Money Loans,  Hard money loans are a great resource to finance a multifamily purchase. But, since commercial real estate investing isn’t as prevalently covered and explained by news media, they are not widely understood. Hard money loans remain somewhat a mystery to many people. And, even those who have experience in the traditional, residential real estate market, might not know much about hard money loans. Benefits of Getting Multi Family Hard Money Loans, Explained So, exactly what are hard money loans? And what advantages do hard money loans provide those seeking to finance for a multi-family property? Well, hard money loans differ from traditional mortgage debt instruments in various ways. You’re probably familiar with how traditional, conforming, fixed-rate mortgages work. You apply, get a pre-qualification, a cursory look at your finances. Then you receive a pre-approval, a more in-depth look, to provide you with a loan amount. F...

What’s Involved in Getting a Hard Money Loan Hard money loans are a way to finance a real estate deal. Trouble is, too many people don’t know what this financing is or what’s involved. It’s a strange sounding term but its effectiveness is something that makes it a great resource. Like all things in life, there are pros and cons to hard money loans. But, these can serve as a valuable tool, particularly when understood. What’s Involved in Getting a Hard Money Loan You already know what a mortgage is and probably know there’s also a commercial counterpart for buying different kinds of real estate. But, commercial real estate loans or even loans to purchase multi-family housing are difficult to obtain. The reason for this is because the property in the transaction isn’t a primary residence. And, it’s also occupied by renters or lessees. So, there is a lot more risk to lenders. Moreover, these properties are a lot more expensive and that also adds greatly to lenders’ exposu...

Retirement tips! Were your parents able to retire comfortably? How did they take care of all their planning? Have you learned from their experience? You need to make certain that you have developed a plan that will benefit you after retirement. Start a savings account while you're young, and contribute to it regularly throughout life. Even if you start small, you can save today. Save as much as you can throughout your working life. Saving money in an account that pays interest will result in your balance grows over time. Think about taking a partial retirement. If you would like to retire, but cannot afford to yet, partial retirement may be a consideration. This could take the form of keeping your current career, but only part-time. This allows you more leisure time while you continue earning money. You can always take full retirement later on. If your employer matches your contributions, put as much money into your investments as you can. You can put away money before tax ...