Step 1. Getting started: Establishing your business structure The first step in starting a business is choosing a business structure and filing the proper paperwork to legally provide services in your area. There are three business structures you can choose from: sole proprietorship, LLC, or corporation. A sole proprietorship uses your own social security number and a “doing business as” (DBA) name. This structure can expose your business to personal liability, so legal experts don't recommend it. Most people choose an LLC or corporation as their business entity to limit their personal liability. First, do a name search with the…
Author: Private Lending Agent
Get your free copy of Editor's DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.Mounting losses at U.S., Asian and European banks are rekindling concerns about the weakness of the U.S. commercial real estate market, which is under pressure from falling occupancy rates and rising interest rates.U.S. regional lender New York Community Bancorp said on Wednesday it had suffered heavy losses on loans linked to commercial real estate, while Japan's Aosora Bank and Deutsche Bank warned on Thursday about risks from their exposure to U.S. real estate.The losses mark the latest impact of twin problems in the…
Downward angle icon Downward angle icon. Nick Laham/Getty Images Regional bank stocks are feeling the effects of the unfolding commercial real estate crisis in a sell-off reminiscent of the SVB collapse. Commercial real estate loans are going bad, and huge defaults are looming, hitting banks from New York to Tokyo. Regional banks have a much greater risk and vulnerability to commercial real estate loans. The sell-off in regional bank stocks is giving investors deja vu, but the underlying issue this time is the commercial real estate crisis.The KBW Nasdaq Regional Banks Index closed down 6% on Wednesday, its worst day…
As home prices and mortgage rates reach new highs, savvy Americans are looking for alternative ways to climb the real estate buying ladder. The answer? A house in need of repairs. Not only do these provide a viable gateway to homeownership, they could also pave the way for future profits. Detroit is emerging as a hotspot for home flippers, according to a recent analysis by home improvement company Front Door. The study revealed that a typical renovated home in the Motor City sells for a whopping 74% more than the average property in the area. For those looking for a…
Atlanta-based Portman Industrial has secured $29 million in construction financing for the first phase of Silver City Business Park, a 1.1 million-square-foot industrial business park in Taunton, Massachusetts. The Silver City Business Park site has dedicated ramps to Route 140 and Route 24. Image courtesy of JLL Capital Markets JLL Capital Markets secured the three-year financing through BMO Harris Bank, with Capital Markets President Jodi Thornton, Senior Managing Director Brett Paulsrud, Director Ryan Parker and Analyst Ari Bogen representing the borrower. Portman Industrial purchased the 146-acre site from Thibaut Development in 2021 for $75 million, according to public records. Related…
Wednesday, January 31, 2024On January 31, Dr. Norm Miller, Chairman Emeritus of Hahn Real Estate Finance, was notified by the American Association of Realtors (ARES) that he had been selected as part of the inaugural class of ARES Honorary Award recipients. Mr. Miller's selection was made by the ARES Honors Committee and approved by the ARES Board of Directors. The presentation will take place at ARES' 40th Anniversary Celebration in Orlando, Florida on March 22, 2024. Mr. Miller will be in attendance at the event to receive his award. Mr. Miller is a life member of ARES. In 2015, Mr.…
Illustration by Mike AustinJessica Alber and her team have been working to close real estate investment deals for almost a year. In her search for an internship and post-graduation job, she explained the process to potential employers and explained why she would be a great fit for them, including explaining her financial modeling and application skills. Alber said they were impressed from the start, but what sealed the deal was discussing the 40-page notes she and her fellow students prepared for each real estate investment presentation. “I think they were honestly blown away,” she says. It's no wonder his employer…
The Florida State University College of Business' real estate program is ranked second in a global ranking that measures research productivity in the real estate field's top three journals, and two of the department's faculty members are ranked in the top 10. In the latest Real Estate Academic Leadership (REAL) rankings, FSU's School of Real Estate is ranked tied for second place among authors and institutions with the National University of Singapore. Among authors, FSU's Tingyu Zhou is ranked fourth in the world and fellow faculty member Chongyu Wang is ranked 10th in the world. FSU’s real estate department’s overall…
We'll tell you the best month to buy a house, and we've got the data to back it up. If you're thinking about buying a home this year, you might be wondering if there is a better month to buy. When are sellers more likely to negotiate price? When will you have the most options for homes? In this article, we look at four data points that give you some insight into the best months to buy a home in the Raleigh area. Find out which month homes sold for the lowest percentage of the sales price. Find out which…
Table of Contents Introduction When was the Kentucky Derby first held? Attending the Kentucky Derby How much does it cost? Attire for the Kentucky Derby Famous people at the Kentucky Derby Popular foods and drinks About the Kentucky Derby American history is home to some great sporting traditions and events. From the Super Bowl to the Daytona 500, almost everyone in the country can find entertainment through sports. While the popularity and excitement of these events tend to vary from year to year, the Kentucky Derby is one of those events that brings the same or even more excitement every…