Frequently Asked Questions about Real Estate
Getting involved in commercial real estate, or even thinking about relocating your family and your life can bring up many questions. Call today to schedule a meeting and talk about your future. Carole Tam specializes in five types of commercial properties (in addition to residential real estate): Multi family, retail property, professional offices/medical buildings, land/mixed-use, and industrial warehouses.
What are you specializing in?
Commercial real estate, investment properties such as Hotel/motel, retail shopping centers, multi-family, office/medical office, industrial warehouses, mixed – use project and land development.
What is the difference between buying a home with 3 bedrooms and 2 bathrooms vs. investment property?
The short answer is ROI. Return On Investment.
The long answer is depending on your preference and your investment objective. Would you rather own 10 Single Family Homes or would you prefer an apartment complex?
“ Well, I want financial security and I don’t want to fix the leaking roof and dealing with tenants.” What would you recommend for these folks?
Triple Net property is the best investment tools for investors don’t want to deal with managing the property. We call this the “ mail box money “. NNN tenants are the fortune 500 companies that lease the property from you. Every month, the corporate office will send you, the investor, the rent checks automatically.
What are some of the examples?
Fast food restaurants like Jack In the Box, Burger Kings, Wendy’s. Walgreen & CVS pharmacy. I also have clients who only want banks like Chase Bank & Wells Fargo Bank.
What is the minimum investment requirement
The price range from $ 1,500,000 to $ 5,000,000. It is all depending on your down payment and your financial goals.
What will be the consequences for investors who don’t want to sell because they have to pay the heavy capital gain?
Everybody pays taxes. The more you make, the more you will have to pay to Uncle Sam. However, 1031 exchange is the tool for them. You are selling a $ 1,000,000 and 1031 exchange to something larger than $ 1,000,000. You are deferring the taxes.
What is the best advice you can give to someone looking to get into real estate investment?
Two words. “ Diversify “ & “Leverage”
