Real Estate can be a tricky, complicated, and confusing. If you’re looking to buy commercial property then a few more questions need to be asked and time needs to be spent. Take a look at a few steps to help you manage your home/commercial buying experience, where the best place to stay informed, and have all your questions answered.
1). Commercial Properties
The first step you need to take before you purchase a commercial property is to know what you are looking for. Ask yourself some important questions: what kind of location do I need? How much can you commit to the property? How much work/maintenance are you willing to put in?
Secondly, figure out your financing. What’s your interest rate? How will you finance it? There may be more than one option out there for you.
Lastly, learn the language. Loan-to-value, debt service coverage ratio, capitalization rate, and Ad Valorem are good terms to understand as you begin to search the market.
2). Home Buying
First determine how much house you can afford. Once you figure out your financing, apply for a mortgage and get prequalified. Call Sonia Moncayo and let her help you shop for the home of your dreams.
Don’t forget to get a home inspection, have the home appraised, and put together the list of paperwork that will be asked of you to provide when it is time to start the closing process.
3). Call Sonia Moncayo
Buying commercial real estate can be a long process. And you need the best representation if you want to buy the home of your dreams. With challenges along the way, let Sonia Moncayo help you buy your home/commercial property. (562) 787-1040
4). Tune-in to LatinoMex-Radio
Tune-in to LatinoMex-Radio on the third Saturday of the month from 1-4pm to catch host Jackeline Cacho talk to Sonia Moncayo about tips, tricks, and information on buying your next home or commercial real estate property.
Taking the step to owning a commercial real estate property can be a process, but a very rewarding process. Whether you are looking for a large apartment complex or something smaller here are four tips to help you along the way.
1). Know what you are looking for
The first step you need to take before your purchase a commercial property is to know what you are looking for. To know what you are looking for you have to ask yourself some important questions such as: what kind of location do I need? How much can you commit to the property? How much work/maintenance are you willing to put in? Are you ready and willing to make an investment of this size? Ask yourself these questions and more to know if your time to buy is now.
2). Learn the Lingo
When you begin your search for commercial real estate, you will run into a lot of vocabulary and acronyms you are going to want to familiarize yourself with. Here are a few to get you started:
Loan-to-value (LTV): Ratio of lender vs. total value of purchase
Debt Service Coverage Ratio (DSC): how much debt you will be able to cover every year
Capitalization Rate (Cap Rate): income of property / total value of property
Ad Valorem: A tax on the assessed value of property
3). Figure out your Financing
Most people will need to get some help to be able to purchase a property. If this is the case, you will want to find out what bank/credit union/mortgage company you are going to use. What will be your interest rate? If these financing methods aren’t for you, there is more than one way to finance a commercial real estate purchase. Contact Moncayo Homes to help you see other options that could be available.
4). Call Moncayo Homes for the Expertise you’ll need
Buying commercial real estate can be a long process. Some properties can get a little complicated. With struggles along the way let Sonia Moncayo help you achieve your commercial real estate venture. Recently Moncayo helped a very satisfied client purchase a building to start their practice.
If you are looking to fulfill a commercial real estate dream, let Sonia Moncayo help you along the way.
Another Happy Client! The Bernardeau Family is another story of a Latino Entrepreneur who made their Dreams become a reality! This time around Dr Mirian Zuniga Berdaveau DDS placed her trust in us and purchased her building in which she will start her own practice; it took an arduous journey of struggles and tenacity to fulfill this commercial real estate challenge!
Stay tuned for the Grand Opening for the “Amazing Smily Family Clinic” where this Amazing Doctor who has so much devotion for her career will open her doors. Si Se Puede! Happy to make this Dream come true. If you are looking to Buy or Lease your Comercial building please contact Us and we will make it happen!
You started off the new year with resolutions for yourself and goals for the home. As you now begin to settle into your new lifestyle, it’s important to clean up clutter at home and look forward to the months ahead. Winter is slowly coming to an end, and your house maintenance needs to reflect a fresh spring feel. Take a look at 5 chores to help give your home a boost and create a nice spring feel.
Clean up indoor paint
Unless your wall needs a fresh coat of paint, go through them with a sponge and freshen up the paint around your doors and cabinets. Take a deeper look and spot the smudges and dust that builds up in these areas. An easy run through will freshen the paint in the house and reduce the need for a new paint job.
Clean under the heavy stuff
It took time and lot of energy to put the fridge where it currently stands, the oven in its place, and the dresser in its corner. It’s understandable not to want to move them again. Though, there is dust and trash that can slip into these areas. This is not an every day clean, but it is important to clean under these untouched spots to prevent bad build up over time.
Raid the Fridge
A common trend that tends to happen during the new year is putting more food in the fridge than we are taking out. With new diets or eating styles we outlined in the new year, eventually, there are a few of those items we just don’t get around too as much as we had hoped. Take some time to dispose of those items that got pushed to the back of the fridge.
Mattress and Bedding
Clean up the mattress by vacuuming and laying it on its side to fully air itself out. Replace the current sheets you have to give the bed a fresh new feel. It might be a good time to start packing up the winter weather bedding and start replacing it with a springtime vibe.
There are a few windows that get all the attention while the rest get none. The dust and grime that gets into the surface of your windows will make them look old and cloudy. Take a look at the windows around the house and grab some window-cleaner to take the cloudiness right off.
The new year is in full swing, and you might have thought of some resolutions to help you start your year on a positive note. It’s always a good idea to strive for an improvement in your life, but it is also important not to neglect your home in your new year goals. As you begin your goals, here is a list of home improvement resolutions that will make your home the clean, efficient, and entertainment place to be this year.
One of the most common ways people neglect their home is by not painting it. Start the year off with a new you and a new color to your home. It is a good safety practice to paint your home especially to remove any potentially hazardous lead paint that might still be hanging on.
Believe it or not but every year you add a lot more things to your home than you take out. Start this year off by taking time periodically to remove the ‘stuff’ that is clogging up space around the house. A great rule to follow is if you don’t use it on a daily basis store it away or clear it out.
Upgrade Your Home
Add a little new technology to modernize your home with new voice command gadgets that can make the little things easier. Amazon and Google have both released home assistants that will play music, tell you the time, and help you with day-to-day knowledge and tasks such as turning off lights.
Make a resolution this year to set up a weekly system to tackle tasks to clean your entire home. Don’t try and clean everything every day, but instead set small chores such as cleaning a room a day, or wiping counters at the end of the night. Set goals for your family to get done and before you know it these chores will become a habit, and you’ll have a clean home every night of the week.
Having a green friendly home
Going green is not just about adding solar panels and having hybrid accessories around the house. The best cost efficient way to go green this new year is done by adapting common sense habits to your home routine. Save money and go green by switching off the lights when you leave a room, dial down your air conditioner, and switch to fluorescent light bulbs.
A resolution that is brought up every year is to be more social and connect with friends. One of the best ways to keep your home from looking and feeling dull is to invite friends and family over. The company will add a warm feel throughout the house. Make your house the place to be this year.
The holidays season is in full swing and Christmas is just around the corner. The holiday joy is in the air as the neighborhood begins to put up their decorations. As you start your home decorating, take a look at these helpful tips to make your home stand out and have a welcoming, warm vibe.
The Front yard
The lights in the front of your home are a holiday tradition getting the lights just perfect is always the goal. Keep in mind this season that too many lights does not mean you have more holiday joy than the rest; instead, it gives off the opposite message. Keep your holiday lighting simple. If you’re using color lights, keep a subtle pattern throughout. If you’re going white lights, try and stay with the white light theme throughout. It’s not about how fantastic your lighting is, but on the nice welcoming feel, you can create.
Christmas tree lighting and decorations tend to get a little out of hand at times. One of the things you can do to make sure your tree stands out is using different size lights in the tree. Having large lights wrapped around and then small lights will contribute to making your lighting unique and shine brighter. Don’t be afraid to put up your ornaments on the tree. Holidays are a time of family, friends, and yourself so put something of every one of the tree to personalize it.
When it comes to decorating your living room accessories are the key. An easy way to bring the holiday spirit to the living room is to scatter around Christmas hats. You’ll be surprised at how many guest will put on the hats when they are within reach. Hang up stockings and add decor that represents you and your family traditions.
Yes, you can add holiday joy to your kitchen as well. Set up a gingerbread house and have the ingredients needed to have your family add to it every chance they get or replace the parts they have ate. This is an excellent interactive activity because you might slowly see the house grow and grow or start crumbling down.
You have a beautiful display of lights outside the home, but make sure not to neglect the inside of the home. Your inside lights can be an add on to the rest of your decor inside the home. Have them surround your living rooms holiday accessories. Make sure you’re not covering the inside of your house, though, keep it simple and you’ll have a warm vibe that will instantly put anyone in the holiday spirit inside and outside of your home.
Let us get into the spirit of the Holidays and bring to our Homes all the blessings and enjoyable moments with our Loved Ones and Friends.