Feeding America

Feeding America is the largest domestic non-profit organization in the United States that is fighting poverty. Their mission is simple but important To feed America’s hungry through a network of food banks and engage the United States to fight hunger. They are doing this by securing partnerships with other food banks and then organize nationwide drives to provide food to families and children. Additionally Feeding America supports and operates programs designed to promote self-efficiency and to educate the public about reasons for poverty and hunger. Additionally they advocate for legislation that protects and helps people who live below the poverty line. Feeding America provides an essential link between people in need and organizations who want to help. To find out more about Feeding America and how you can help, visit their website.

Terry Baltes

Terry Baltes is a local businessman in the Dayton, Ohio area. He is the founder, owner, and current manager of Baltes Commercial Reality, a real estate agency that he opened in 1977. Since then, he has sold over $4 billion worth of real estate property and more hotels than any other person in the entire Midwest. He graduated from the Ohio State University in 1972 with a triple major in finance, marketing, and real estate. He parlayed all three of his majors to create a successful business that thrives off of providing excellent real estate services by using good marketing skills and providing excellent financial advice to their customers.

Terry Baltes feels strongly about the epidemic of poverty seen in the United States looks for opportunities to assist alleviating poverty in Ohio.

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Terry Baltes – Blankets Fur Beasties

Blankets Fur Beasties is an animal welfare organization based out of Northeast Ohio. Residents, who were looking to provide welfare and shelter to abused, neglected and unwanted animals founded it in 2009. Although they were unable to provide shelter themselves, they were able to organize a drive that collects supplies for animals.

Terry Baltes

Terry Baltes

They collect quilts, blankets, sheets, toys for cats and dogs, towels, and an assortment of other supplies including food. Their main contributors are local businesses and residents of the area. Once they’ve collected, they bring the donated items to a local animal shelter that has the means to provide shelter and take care of neglected, abused and unwanted animals. Blankets Fur Beasties is a valued member of the state of Ohio’s animal welfare society, and they look forward to making future contributions. To get involved with their drive and donate, visit their website to find more information.

Terry Baltes is a local businessman in the Dayton, Ohio area. He is the founder, owner, and current manager of Baltes Commercial Reality, a real estate agency that he opened in 1977. Since then, he has sold over $4 billion worth of real estate property and more hotels than any other person in the entire Midwest. He graduated from the Ohio State University in 1972 with a triple major in finance, marketing, and real estate. He parlayed all three of his majors to create a successful business that thrives off of providing excellent real estate services by using good marketing skills and providing excellent financial advice to their customers.

Terry Baltes feels very strongly about animal welfare and makes contributions to animal protection and well-being organizations when he can.

Location is Everything, Truly Everything

Everyone knows that there is three essential needs for all businesses to thrive no matter what industry they are in. Those essentials are the following: 1. Location 2. Location. 3. Location. Though people may try to find a catchy name for the business, have an amazing product, or have extensive marketing behind their business, much of the business that comes into a company is directly from the location of it.

Location is the most critical aspect for a business to thrive. A business owner must consider whether or not their business is conveniently located for their customers and well accessible for their employees to access each day. On top of this, depending on the size of the shipments that come in daily, weekly, or monthly, a business owner has to consider if their shipment truck can reach the business with ease as often as needed. For these reasons and more, business owners should be wary of their location and make sure they truly understand the gravity of the three essentials for their company to thrive.

There are more reasons why business owners need to find the perfect location for their business. Every city, county, and state has their set of zooming laws that can affect the area where the business lays. If the area was recently worked on by the state, a business in that area can assume that the government wont be hindering business by doing road work or building structures any time soon. However, those businesses that are in an area that is still developing should expect the government to step in and work on their road, building, and other city projects. Location is clearly the most important part of choosing a business.

When it comes to commercial reality, there is nothing more important that location. Terry Baltes of Baltes Commercial Reality is willing to help business owners with all of their questions about choosing the best location for their business.

Expertise in Commercial Hotel Purchase with Terry Baltes

Purchasing a hotel, whether for the first time as a mom and pop, or to add to a growing hospitality group in the business model, requires the proper lending and financing to maximize the success of the venue, and of the property holder. The many aspects of consideration in applying and being approved for commercial lending can be a quagmire to the hotel buyer whose area of education and expertise is not in the area of finance, but in the world of hospitality.

Terry Baltes

Some rules are used for approval of commercial loans for hotels are universal to other types of commercial loans. But additional and complicated stipulations may be used by money lenders for hotel loans, some of which may be related to the location, ordinances and zoning of the community.   If the hotel property currently exists or if it is under construction for hotel use, affects how lenders will view the financing. Hotels currently operating and under purchase from the originating is regarded as an acquisition loan, not a construction loan. Additional documentation and information must be acquired by financiers if these conditions exist, making it important to have a complete portfolio on the property and on the purchaser.

“Financing is back,” asserts Terry Baltes. “We have numerous lenders, conventional as well as SBA, back in the market. Conventional lenders are looking for 25-30% down payment, while SBA lenders are looking for 15-20% down payment. Interest rates remain very attractive at the low 4% range…our aggressive marketing program (leads) buyers all across the country to call us every day, wanting to buy hotels like yours.”

The Negatives of Foreclosure Purchase with Terry Baltes

The real estate investor hopes for the best. But in the case of the foreclosure purchase, should be prepared for the worst. The negative side of a foreclosure purchase can be the property’s condition. Catching the property in the pre-foreclosure stage could mean the structure’s exterior and interior are in reasonably good condition. The longer the property has been in foreclosure, months or even years, can mean that the structure is in a deteriorating state, having had little or no maintenance for a prolonged period of time. Such properties could be sold as-is so that issues such as mold growth, plumbing deterioration, biological infestations, vandalized appliances and heat systems may exist. If the property is sold as-is, no repairs can be requested as a contingency of the sale.

Another red flag which can be averted is the potential for the buyer to become responsible for any debt connected to the property. Unpaid taxes, outstanding construction loans, or additional lines of credit which were taken out on the property are additional financial burdens which can be revealed with the help of the Terry Baltes Commercial Realty team. In the event that there are tenants in the property during the foreclosure proceedings, eviction proceedings could become a problem. Time and money could be involved in the removal of unwilling occupants, who could also cause more damage to the property.

Extra paperwork and bureaucratic delays can be frustrating. There is also the present danger that the lender could cancel the financial contract, or even accept a better offer.

Environmental Problems

There are many problems that come up in commercial real estates. Terry Baltes has been in the industry for a plethora of years and knows that there is a risk in every investment deal he has struck for his clients. He knows commercial property well because he has overseen the transaction of commercial real estate combining in value to well over four billion dollars for his clientele. There are always unforeseen factors that come into play no matter how careful you are with an investment. Terry Baltes has seen so much throughout his career, and he knows that studying up on the investment is key, but investors need also to be prepared for whatever may come their ways.

Terry Baltes

Terry Baltes

Terry Baltes lets investors know that it is important to now the environmental status of their property. For investors who acquired a property, it is important for them to keep an eye on their property and ensure that it does not become a hazardous waste issue. Those who own a property that causes this type of problem are directly responsible for taking care of the issues immediately. The environment is something no property owner should want to affect negatively in any way, thus following codes and procedures will help keep the property away from environmental issues.

The cost for an environmental cleanup of a property with hazardous waste issues can be well into the millions of dollars. The disposal of this waste can be much higher than any investor would ideally like to pay at any point of their investment. A way to save money is by obtaining an environmental report that will give details on the environmental status of the property. Terry Baltes knows that this report will help investors prevent large environmental issues with their property.

 

A Progressing Economy

Terry Baltes, the manager of Baltes Commercial Realty, Ltd., believes that the improved economy is making a big difference. Baltes estimates that there is about fifteen percent increase in values of the past two, maybe three, years. He believes that the levels that are seen in the industry are about ninety percent back to the status they had been before he recession hit. More than likely by the end of 2014 and most certainly by the middle of 2015, Terry Baltes believes that the levels will be back to one hundred percent. He fully expects the company’s annual dollar volume to be up considerably because of the higher pricing.

Terry Baltes

Terry Baltes

Terry Baltes’ company markets mostly economy and select-service properties. On the economy, Baltes has this to say, “The economy has gotten better. It slowly continues to improve. There has been some job creation, not a great deal, but some. When we started to hit the recovered from the great recession quicker, as usual. Now it is starting to trickle down, not quickly, but it is trickling down to the working man.” This sounds like good news seen from someone who has been in his industry for nearly forty years.

The success of Terry Baltes is no fluke. He has earned his way to the top of his industry of commercial real estate. Through Baltes Commercial Realty, Terry Baltes has oversaw business transactions that have been valued over four billion dollars. With this number alone, people can rest assured that Terry Baltes and his company are some of the best in the industry at completing deals.