Monday, August 14, 2017

Buying a Business with Seller Financing: The Dos and Don’ts


There are many people who are not in a financial position to buy their dream business or any other property that they may be interested in and that is where buying a business with seller financing can come in.  The very idea of taking out a hefty mortgage for buying a business sounds scary, especially if a person feels that he may not be able to pay it back. 
Buying a Business with Seller Financing

As a matter of fact, seller financing is exactly what it is meant to be. The ‘seller’ divesting the business, effectively lends to buyer the funds to acquire said property.  This arrangement is not as uncommon as many people think it to be and indeed, billions of dollars’ worth of seller financing transactions take place all over the country, every year. And this holds especially true for today’s financial environment where the eligibility criteria for loans and mortgages is extremely strict.
Under the circumstances a ‘seller financing’ deal may well be the best option for a seller who is interested in divesting his property as soon as possible and the same applies for a buyer who may not be able to have a perfect credit score or be able to submit the necessary documentation that is a prerequisite for most loan and/or mortgage applications for most commercial lending institutions.
However, there are certain dos and don’ts regarding this option.
From the point of view of the seller, it may be possible for him to get rid of his property quickly, but if the buyer effectively stops making the required payments and does not maintain the business either, then even after he has been forced to vacate the premises the erstwhile seller would be forced to make the necessary repairs or rebuild the business till his property would be in a position to be put on the market.
As for the buyer, he may be able to acquire his dream business , but the hefty down payment (a standard with such arrangements) may put him off, not to mention the fact that he might have to pay a lump sum ‘balloon’ payment at the end of the agreement, prior to having full rights of the property transferred to his name.
Add to that the cravat that it is the seller’s privilege to charge what amount of interest he wants from the buyer. Often the interest rates are higher because they reflect the higher risk that the seller is taking when opting for this particular option.  
However, both the initial down payment as well as all subsequent payments depend entirely on the personal discretion of the two parties concerned and since there is no middleman in the picture, (in the form of a lending agency of any sort) the final interest payments may still be lower than any corresponding arrangement with any financial house that would also be keeping its own profit margins in the bargain.
Ultimately, buying a business with seller financing, has its own pros and cons and that is why it is advisable to hire the services of a highly qualified and experienced business consultancy firm before opting for such an arrangement.

Tuesday, August 8, 2017

Buying a Roofing Contractor in Florida


Thanks to the generally hot and humid climate in the state of Florida, buying a roofing contractor in Florida can be a very profitable venture because many homes end up having roofing problems all over the state. Here, it is important to understand that in case the roof over your head requires repairs, then it is of critical importance that you should refrain from delaying them as such, because in the long run it could potentially create many different problems and hazards such as short circuits, fire hazards, wet walls and dampness due to leakage related issues. And if left un-attended, there is always an off chance that it might even wreak havoc with the overall structural integrity of your beloved home.
Buying a Roofing Contractor in Floirda
Since the state is prone to violent thunderstorms almost all the year round, dampness is a perennial problem in homes all over the state. This is why periodic checking, maintenance and repairs should be right on the very ‘top’ of your list of priorities, very literally indeed.
And powerful and forewent squalls and cloud bursts are not the only vagrancies of the weather that you may have to worry about, since the blazingly high UV factor also plays a role in warping roof tiles in Florida. After all, it is not called the “Sunshine State” for nothing.
Such extremes of weather tend to take their toll on even the hardiest of roofs and as such should be taken care of properly. Through periodic and timely inspections by highly qualified and experienced roofing contractors located in this state.
Such maintenance and (if required) repairs are absolutely vital for the overall safety and security of your home and family. This is because a dripping roof is not only the root cause of leaky walls and floors, but if left unattended the seepage can also easily trigger short circuit as well, of the wiring concealed in these damp walls.
If such a terrible mishap were to occur, a power outage may well be the least of your worries since short circuits (due to the ingress of water in the power mains inside the house) are amongst the leading causes of fires all over the United State of America.
Under the circumstances it is not just your home that may be under threat but the very lives of your loved ones may be placed in considerable jeopardy. Add to that the markedly ugly fa├žade that may be the direct result of a leaky roof and consequently, damp walls and peeling paint may cause the ‘curb value’ of your property to nose dive substantially.
All of this can easily be avoided if you take your roofing repairs seriously. However, before embarking on a DIY (do it yourself) plan with regard to repairing your roof, it would be pertinent to discover the nature and extent of the repair work necessary to get your roof back in ship shape or as close to it as possible.
This is where you would require the services of a duly qualified roofing contractor who may be able to give you precise estimates of the damage, along with the requisite time lines to get the job done to your fullest satisfaction. That is why buying a roofing contractor in Florida can be such a profitable business the simple fact is that there will always be a need for roof repairs in Florida. To find opportunities search for Florida roofing businesses here.