Category: Business Financing

Buying a Commercial Real Estate Property For Beginners: Step-by-Step Guide

Buying a Commercial Real Estate Property For Beginners: Step-by-Step Guide

Commercial real estate has the potential to be an excellent investment, often more so than residential properties. Yet even if you’re an experienced real estate investor, it’s crucial to understand that the process of buying a commercial property isn’t the same as buying a house to live in.  In this article, we’ll look at why you should consider buying commercial real estate, financing options available to you, and how to buy it. What Is Commercial Real Estate Property? Any property… Read More
Balloon Mortgage in 2022

Balloon Mortgage in 2022

The word “balloon” typically calls to mind parties and celebrations. However, a balloon mortgage can be a stressful affair for some borrowers because, while it works in their favor at the start of financing, it can quickly—wait for it—balloon into an astronomical expense. What is a Balloon Mortgage? A balloon mortgage is a type of real estate loan (more often commercial than residential) that offers a lower fixed monthly payment until the end of the loan when a larger lump… Read More
21+ Vendors That Can Help You Build Business Credit

21+ Vendors That Can Help You Build Business Credit

One of the easiest ways for small business owners to start building business credit is to get net-30 vendor accounts with companies that report to commercial credit agencies. Pay on time and you will build credit references that may help boost your business credit scores and, over time, help you qualify for other small business loans and financing. Not sure what net-30 accounts are or how they work? Not to worry. This is your guide to setting up vendor accounts… Read More
How to Get an Investment Property Line of Credit

How to Get an Investment Property Line of Credit

If you’re hoping to get more money for your real estate business, look no further than the properties you already own to help you get the financing you need. A line of credit on investment property could be a way to get more funds to continue to expand your business.  What Is An Investment Property Line Of Credit? An investment property line of credit is a type of short-term financing that utilizes the equity in a non-owner-occupied property to provide… Read More
Bank of America vs Chase — Which Is Better for You?

Bank of America vs Chase — Which Is Better for You?

Having a business checking account seems like a given for any small business owner. Part of separating your personal and business finances simply has to involve a business checking account, along with applying for and using new sources of credit. While a business checking account can’t usually offer the rewards of business credit cards, it is vitally important. Unfortunately, not having a business checking account isn't just inconvenient, it could also spell bad news for your business.  In a survey… Read More
Best Real Estate Crowdfunding Platforms in 2022

Best Real Estate Crowdfunding Platforms in 2022

Although it’s a relatively new concept, real estate crowdfunding has become quite popular. It allows a large number of investors to pool together their money and invest in real estate properties they may not be able to afford on their own.  Here’s an example of how it may work: Real estate developers want to buy a run-down apartment complex so they can renovate it and later sell it. They need to raise money from investors so they use a crowdfunding… Read More