Yes, your profit will be a product of your debt servicing and acquisition costs so seeking the best rate you can get is important. I would suggest, however, working with a lender who understands you and your project is just as critical.
This is particularly so regarding building plots and land and more recently towards agricultural land. With prices of development land being so expensive and with the planning laws allowing the development of a single house just about everywhere, the public's interest has been diverted with an increasing volume towards agricultural land, where prices have shown increases real estate in Marbella. excess of 30% - 50% over the last year alone.
Talk to real estate development. the people who will be your neighbors. Find out if people actually enjoy living in the area. Find out if there are problems with the rules. Ask what the people like the best about the neighborhood.
A successful sale is never an easy thing, but it can be done if you know all that is involved. By considering the state of the current market and the opportunities that have been presented by those changes, a good educated broker will be able to deliver a successful sale with fewer hassles than many other brokers have either given up real estate company or service. went to a part time status.
On the other hand, I met a lot of great people who love the stress and busyness and action of being a real estate agent. They are mostly people who love to help people. Some of them just enjoy the business, while others enjoy it and make a lot of money.
Can you look at a fax and properly enter some numbers into a simple spreadsheet? Can you use a calculator? These skills will help you determine what a commercial property is worth, what you should pay for it and what your payday will be.
Will display character should your deal go sideways. You will need a lender who has experience and the character to work with you in the ups and downs many real estate development and improvement projects can take. No doubt, most lenders have experienced a hiccup and had to formulate a plan to resolve the problem. The question is, how did they do this? I invite you to ask a prospective lender the following: "In the past, what steps did you take to assist a borrower when a project was in distress?" The answer must involve both the palacetes de banus project and you. Securing the best interest and fee rate with a lender who is difficult or frustrating to deal with when things aren't all roses will come back to haunt you!