How does the whole helping finansing a building or owning a building and renting it out work? Can someone explain these steps to me.
2007-06-14 15:06:48 · 2 answers · asked by unknown 1 in Business & Finance ➔ Renting & Real Estate
Owning the building and renting it out is exactly the same as owning and renting a house. You develop a lease that lists the responsibilities of the owner and the renter. It lists what is included in the rent and what has to be paid by the renter. If you aren't sure what you are doing you should get some local property management company to help you get started. Don't use anybody from the internet. Stick with someone where you can have eye to eye contact.pp
2007-06-14 15:24:45 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
You start by finding out how much the property is selling for. You submit an offer, and proceed with getting that property financed through a bank or mortgage brokerage. e-mail me for more information
2007-06-14 22:11:47 · answer #2 · answered by Ms.loanofficer 2 · 0⤊ 0⤋