Question by WINO: Commercial property???
Is it better to use an interest only loan or a standard loan when acquiring land? This will be for the sole purpose as an investment and I hope to hold only 2-5yrs. Property is zoned commercial

Best answer:

Answer by lily
i would go with a standard loan only since you don`t know what the market will be like in two-5 years

What do you consider? Answer below!

Question by Alison G: Commercial Property?
I am interested in purchasing commercial property in a particular neighborhood in Dallas. How do I go about locating out which locations are zoned for commercial development and what type of commercial development is permitted? (For instance – restaurant/bars). I have been warned about expressing interest in a certain location too early as it creates “buzz” which can lead elevated cost and even losing the deal.

Also, is there a database for ranking commercial Realtors? (For instance, you can look up the history of lawyers and see their rank and past indiscretions.)

Very best answer:

Answer by glen s
The city of Dallas will have a property map showing the zoning for all properties in the city. You can give them a distinct address and they will give you the zoning recommendations for that property.

The National Association of REALTORS (NAR) has a site with all the REALTORS and if they have been the topic of any indiscretions. They won’t have any public listing of earnings ranking etc. simply because that is against privacy laws.

Know much better? Leave your own answer in the comments!

Question by gimme_jimmie48: commercial property??
what qualifies a property as ‘commercial’??

the taxes for our entire property is only $ 550 but now they want an extra $ 330 for the ‘commercial property’ (our 1 car garage) my husband is a self employed roofer and keeps the tools in the garage but does that qualify it as ‘commercial property’ ???
I dont know, I never saw or spoke to an assessor. We’ve never claimed it as any kind of deduction, its just our garage.

Best answer:

Answer by DeeDee
how did the Assessor come to assess the garage as “commercial”. They would have had to have some reason. Did you ever claim the garage as a deduction on your income taxes for business purposes. We need more info from you. The Assessor wouldn’t just out of the blue claim a garage as commercial, unless they had a good reason.

What do you think? Answer below!