Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28654682
No new orders today 13162321
Stupid MLS comments. 3385055
What do you know about Froy Candelario, top agent in USA 1250038
Stupid QC comments and BPO requirements. 1115293
New HUD Listing Brokers---Any Update? 1069681
Is there religious content in Buffini class? 858535
Let's talk about our cars 709760
Most common items found at an REO 639396
Name that Flick. Great movie Lines. 632149
Pay it Forward - BPO/REO Tips & Tricks I & II 626243
REOTRANS 473133
EML 459238
Main Street 456354
asset val seminar in colorado 428620
assist 2 sell or 1 percent realty? 360271
HOMONYMS - There, Their, and They're 335260
Evalonline 300211
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#460769 - 02/27/18 12:44 PM commercial property in Maine
moonstone Offline
Member

Registered: 11/12/17
Posts: 10
Loc: NH, United states
if one owns rental property in Maine, how many units in one building does it take in order to qualify as commercial property?

Top
Advertisements
#460770 - 02/27/18 12:50 PM Re: commercial property in Maine [Re: moonstone]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Most folks (lenders, assessors, brokers, appraisers) follow the HUD rules that says 5 units makes commercial. Your assessor may have a different view because of what else may be in the building, or based on how they have classified it in the past. But, generally, the magic number is 5 and it doesn't really matter what state you are in, if my experience is any indication.

Top
#460772 - 02/27/18 01:36 PM Re: commercial property in Maine [Re: Long Walk]
moonstone Offline
Member

Registered: 11/12/17
Posts: 10
Loc: NH, United states
ah, thank you Longwalk.

Top
#460774 - 02/27/18 02:16 PM Re: commercial property in Maine [Re: moonstone]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Just to clarify, Moonstone, retail, office, industrial flex and the like are always commercial, regardless of number of units. I read your question to mean apartments. Is that a good reading of your question?

Top
#460779 - 03/01/18 04:36 AM Re: commercial property in Maine [Re: Long Walk]
moonstone Offline
Member

Registered: 11/12/17
Posts: 10
Loc: NH, United states
yes. i'm licensed in NH. i have this friend that owns some rentals in Maine. remember my previous posts? i left the old realty & joined KW-thanks for the good advice.
i talked with the lady (on-boarding specialist) who was helping me about my friend in Maine who is not in good health so things may need to happen sooner than later...she said you can get licensed in Maine in a month if you are ambitious & asked me how i felt about that. i replied that the thought gave me chest pains. we agreed that it may be best to refer it out & i would get 25%.
on the other hand i wonder if i'm just 'phoning it in'. my boyfriend has offered to pay fees related to Maine licensure & thinks i should tackle this on my own. obviously i'm conflicted. what do ya think Longwalk?

Top
#460780 - 03/01/18 09:40 AM Re: commercial property in Maine [Re: moonstone]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Hi Moonstone--

Thanks for the update on your broker situation. I didn't want to derail your thread by asking.

Maine is a hard place to work for appraisers, so I can only imagine it is the same for brokers. Do you really want the headache of CE in Maine once you get licensed? Are you planning to do more work there that would make the time and expense worth it?

Realistically, can you get competent enough to serve clients in Maine?

Lots of questions, but I would think long and hard about what business I was in before I pulled the trigger on getting licensed there.

Sometimes, it is easier and more profitable to just refer work out.

Top
#462313 - 09/04/18 06:30 AM Re: commercial property in Maine [Re: moonstone]
Helen Rondriguez Offline
Junior Member

Registered: 09/04/18
Posts: 1
Loc: Spain
For example here you can find office for sale in Berlin [url]http://tranio.com/germany/berlin/office-property/office-space[/url] based on the information on these property you can understand what is qualified as a commercial property and what is not qualified.


Edited by Helen Rondriguez (09/04/18 10:30 AM)

Top
#462314 - 09/04/18 07:17 AM Re: commercial property in Maine [Re: Helen Rondriguez]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7911
Loc: Vermont's North-East Kingdom
The question was about commercial property in Maine . . . . not to be confused with Spain !

And directing visitors to check out Berlin, Germany is bizarre; why, that doesn't even rhyme.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
van phuc, ngibrealtor, nyropist, Workslocal, PrudentialBorrow
30351 Registered Users
Who's Online
2 registered (2 invisible), 25 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 25
CathCoy 24
gitmonee 22
Trouble 16
Daniel1234 15
T.T. 14
CaliRealtor23 14
AbrahamWalker 12
Vincent2011 12
estatereal 12
Z06Fanatic 11
RonnieEmz 10
Lucky Leonardo 9
Suburban Gal 8
sualk54 7
Facebook

How To Advertise Here


This site presented by RNC Internet Services