
Richard asks…
How can I get my commercial loan earnest money back?
I was trying to purchase a HUD apartment building, I went into contract and put down earnest money into escrow. After a month into the deal HUD notify the owner they needed to give the tenants 150 days notice the owner was selling the property. At that time I had a loan but after the 6 months wait and the change of the economy I was not able to found a lender. Now the seller wants me to close the deal or loose my earnest money. What can I do in this case? Anyone knows of a really good real estate attorney? I don’t see any special clause on the contract for the earnest money and I didn’t had any professional agent representing me.
Please advice
Chris
I live in California and the property was in Tennesse, in TN they use lawyers instead of escrow and the lawyer made the contract it was not a standard contract

answers:
Is the contract a standard form issued by your state? If so, it should address the earnest money. Most people make the offer to purchase subject to financing, which would obligate the seller to either match the terms of the financing called out in the contract, or return the earnest money.
Good luck

Helen asks…
if i get 350,000$ loan to buy a business is that a business loan?
i was looking in the scotia bank website and it was saying bout how u can buy commercial property business vehicles and stuff for ur business and it would be classified as a business loan. if i buy a business will that be a business loan?

answers:
Yes.

Sandra asks…
How do I get a $6,000,000 loan without owning anything?
I am looking into buying commercial properties but have no money or property to back me up. Is there any other way I can do it? If the commercial properties are bringing in rent then does that count?
Its for Australia also.

answers:
No, there is not.
At best, start small with a residential property and build your way up.

George asks…
Does anyone know how to get a job in the Commercial Real Estate industry?
I am interested in getting into commercial real estate, not sure what area….leasing, property management, lending, loan officer, I know it sounds cliche, but I basically just want to go where some big money can be made. I have a background in residential real estate as a loan officer and Account Executive for a subprime lender. From what I hear, people on the commercial side make some great money, it just seems that everyone wants someone with commercial experience. I am willing to pay my dues, training, mentoring, etc, but I just need to find somewhere to get my foot in the door. Any help?!

answers:
Start by checking your state’s licensing requirements on their website.
Find an older [aka ready-to-retire] mentor and be willing to listen to all of their advice, stories, etc…
You already have some great contacts from your previous position; go talk with some of the real estate brokers who you already worked with.
Learn everything you can about your market.

Mandy asks…
I’m looking to purchase a 13 unit investment property…?
I’m looking to purchase a 13 unit investment property. This will be my first property. A friend suggested getting a HUD commercial loan since I don’t own any real estate. What do you guys think about that? What would be the best way to go for a loan?
Thanks.

answers:
What?

Ken asks…
I want to invest 25 lakhs for an year in India to buy commercial property next year.?
Is it better to invest now in in the Commercial property and take loan (say 35 lakhs) or invest in FD this year and take loan next year for say 20-25 lakhs?

answers:
I have solved your problem u can take loan aur u want best interest charges u can visit this website
http://www.credit-cards-onlyn.blogspot.com
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