Owner Occupied Properties In Newark, NJ

The commercial real estate market in New Jersey is growing. For those looking to begin a career in Commercial real estate, purchasing owner occupied properties in Newark, NJ is a great way to start. Owner occupied properties in Newark, NJ offer a number of benefits to commercial real estate investors, and are a great way to start building a small empire.

What Are Owner Occupied Properties In Newark, NJ?

Owner occupied properties in Newark, NJ are, like the phrase implies, types of real estate which generate revenue while the owner lives on the premises. Owner occupied properties in Newark, NJ consist of multifamily residences, such as duplexes, triplexes, and even entire apartment buildings. Owner occupied properties in Newark, NJ also include businesses with a residence attached.

Financing Owner Occupied Properties In Newark, NJ

There are a number of programs available to finance owner occupied properties in Newark, NJ. Among them, one of the most popular is the SBA loan program. SBA loans have special financing programs for owner occupied properties, and can be fast tracked by partnering with a “Preferred Financial Services” company, to bypass the red tape of traditional lenders.

Tax Advantages For Owner Occupied Properties In Newark, NJ

There are numerous tax advantages for owner occupied properties in Newark, NJ. Any improvements made on the property can be tied to local and state deductions. Repairs made to the infrastructure, right down to replacing light bulbs, are tax deductible on owner occupied properties in Newark, NJ. The best practice is to hold onto any and all receipts, so you can provide documentation when claiming these items.

Managing Owner Occupied Properties In Newark, NJ

One of the big draws to owner occupied properties in Newark, NJ is how easy they are to manage. Instead of hiring an external property management company, the property is managed by the owner. Hiring an external team to manage a small owner occupied property, such as a duplex or triplex is not cost effective. Additionally, it is a lot easier to screen and keep an eye on tenants my living on the premises. Owner occupied properties in Newark, NJ are ideal for people who prefer a more hands-on approach to property management.

Learn More About Owner Occupied Properties In Newark, NJ

Whether you are just getting started in commercial real estate, or if you want to invest in revenue-generating properties, the Capital Lenders can help. We offer a wide range of financing programs, and we are a “Preferred Financial Services” company, so we can get you the funding you need, when you need it, with the most competitive terms and rates. Contact our offices today to find out how we can help you purchase owner occupied properties in Newark, NJ.