| Recent Answers from Terrence Cullen |
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2008-09-26 Buying Land: The old saying is that land is the best investment since they are making any more of it. I agree that if you don't need income and can sit on the investment for a long time you would be right. The...
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2008-09-24 Commercial Real Estate fair market interest rates: Harriette, Are you are "rescuing a colleague" or making a business loan? Are you purchasing an active church or the building and grounds? I am not sure I understand the structure of your deal. But...
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2008-09-22 Buying This Commercial Property.: Kim, I need to clarify your question a bit. Can I look at the appraisal, so I can find out the value assumptions and the market. Is the bank loan assumable? Depending on the location, price...
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2008-08-20 Property Management Fees: Usually management contracts for commercial deals range anywhere from 2% to 6% with the median number the most prevalent. I have done deals as low as 2.5 and as high as 6. The size of the property...
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2008-07-16 Convenience Store: John, The loan terms you have currently are consistent with the market but if you want borrow more money you must lower your payments and the only way increase your amortization. I would...
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