can I earn miles buying commercial building?
Mar 19, 2002 | 9:04 pm
#1
Original Poster
Join Date: May 2001
Posts: 406
can I earn miles buying commercial building?
at another post, I am selling my rental property. I want to purchase a commercial building instead for my business. is there any way I can earn miles? is the commission the same as residential (at 6%) I am looking for an agent really soon.
thanks
thanks
Mar 19, 2002 | 9:10 pm
#2
Join Date: Feb 2002
Location: Sydney, New South Wales, AU
Posts: 301
In Australia I bought a commerical building on Diners Club for $2 million and got miles - just negotiate with the seller to take a credit card and negotiate a reduced fee with Amex / Visa / Diners.
Otherwise just shop around for an agent that takes credit cards and you will get points on the commission.
Otherwise just shop around for an agent that takes credit cards and you will get points on the commission.
Mar 19, 2002 | 9:18 pm
#3
Original Poster
Join Date: May 2001
Posts: 406
since I am the purchaser, I am not paying the commission. I am looking for a program similar to NW / Delta home purchase program, they offers 3000 miles for every $10,000 of transaction. so if I buy a $400,000 building, I will get back 12,000 miles. but instead of home purchase, I am looking for commercial building purchase mileage programs.
I am suprised that you paid for a property with your credit card. I am a business owner, and I pay over 2% commisssion to credit card companies for each transaction. so again on a $400,000 transaction, I would pay over $8000 in fees.
[This message has been edited by bellwilliam (edited 03-19-2002).]
[This message has been edited by bellwilliam (edited 03-19-2002).]
I am suprised that you paid for a property with your credit card. I am a business owner, and I pay over 2% commisssion to credit card companies for each transaction. so again on a $400,000 transaction, I would pay over $8000 in fees.
[This message has been edited by bellwilliam (edited 03-19-2002).]
[This message has been edited by bellwilliam (edited 03-19-2002).]
Mar 19, 2002 | 11:52 pm
#4
Join Date: Dec 2001
Location: Spencer Iowa USA
Programs: Long Live NWA Silver Elite,Delta Silver Medallion
Posts: 604
Bill
Email me and I'll give you the name of a trade association that can cut yor transaction costs by approximately another 30 basis points.
Wonder if I can get the general contractor to take credit cards... if not I know I can get the sub contractors to <G>....since I'm about ready to build a building...
Email me and I'll give you the name of a trade association that can cut yor transaction costs by approximately another 30 basis points.
Wonder if I can get the general contractor to take credit cards... if not I know I can get the sub contractors to <G>....since I'm about ready to build a building...
Mar 20, 2002 | 6:24 am
#5
Join Date: Dec 2001
Location: Chicago....
Posts: 527
I did find a contractor that took credit cards and when I remodeled my kitchen, I was able to charge all of the labor to my card and get miles. Add in the appliances, tile, grout, trim, paint etc... and you get a TON of miles.
That was a score.
That was a score.