I'm stuck with a HUGE commercial building mortgage and can't sell it. DO YOU HAVE CREATIVE IDEAS?? - commercial renters insurance
Details: I bought a large commercial building of 3800 square meters in 2000 and is a gift, stationery, craft and office supplies business to implement it. The company was gang-busters sales ... Until two years ago. There are sales and soft market. I make barely enough to pay my mortgage. I tend to work for free. They tried to sell - by lowering the prices again and again and seller for sale sign in the window next to the busy street. No bites. I've Craigslist - in vain.
So, now I'm stuck in a pleasant condition, but large building, a company that muffled and barely reaches equilibrium. Can the tenant in a building of this size to be found. We can not, afford to be divided into two halves. Savings to pay down the drain, taxes for the building. Sell my inventory, I would not buy enough new inventory is - the building is too large.
Are you creative? What can I do?
Tuesday, January 12, 2010
Commercial Renters Insurance I'm Stuck With A HUGE Commercial Building Mortgage And Can't Sell It. DO YOU HAVE CREATIVE IDEAS??
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6 comments:
Hello, fairly large building that you described. Preservation of old cars is the norm, and I think I am a collector of them find it hard to a shop. Another thing you must consider is the storage of furniture in the tank, the other half of the value basically anyone.
Auto shops are a nuisance
It is a difficult question. You might be able to hire a body in a lease that you can cover your mortgage payments in the house. Otherwise, head to foreclosure and bankruptcy. Also talk to a financial planner and advise companies to see what other options you may have with this piece of property.
Burn it and collect the insurance money ....... JK
Fire Sale
Hello,
Http: / / Order realestateguide.financialdealsonline.info for some valuable advice on the topic. Good luck.
Perhaps the left at zero since 3800 is small for the commercial building.
Many houses are bigger than the last.
And gives no indication of the location of our assumption is hardly significant.
If you are not to other companies that want space in your area, you can find out if the lender is not a short sale instead of foreclosure.
At least he would be out of this title.
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