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Investing in commercial real estate under Trump

Following the November presidential election, many Maryland investors, business owners and others might be wondering how the country will fare, both economically and politically. There are some factors that could have some positive effects on both.

Since Donald Trump was elected president, the Dow Jones Industrial Average has risen, which is somewhat surprising in lieu of the fact that the futures market was down 800 points late on election night. There has also been an increase in interest rates.

Because most business people are aware of Trump's positions on key issues, such as cutting income and corporate taxes, and the fact that the House and Senate will be controlled by the Republicans, investors may be encouraged to increase their investments, and business owners might expand and hire more people. Another important decision Trump plans to make is repealing or amending the Affordable Health Care Act.

Steel and coal companies may benefit from Trump's efforts to renegotiate international trade agreements, such as the North America Free Trade Agreement and the Trans-Pacific Partnership. Further, if Congress repeals Dodd-Frank and increases domestic investment of coal and oil, his efforts to reduce government regulations may spur business growth in the country.

In many cases, those who invest in commercial real estate, such as a retail store or office building, may have trouble with the local city's zoning ordinances, taxes, or permit and survey issues. To help the transaction go smoothly and according to schedule, commercial real estate investors might contact an attorney who is familiar with these issues.

Source: RE Journals, "Commercial real estate after Trump: What to expect?", David Scherer, Dec. 6, 2016

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