Oct
04
Is it better to lease a commercial space rather than buying it?
By
I am trying to start a new business. I am thinking of either leasing a space or buying the property. If I buy, it is 10 times as much as yearly rent. For tax purposes, what is a better way of doing it? Leasing or Buying/?
Repossession
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3 Comments
June 30th, 2009 at 10:56 pm
Don’t you wanna say you own the shit
July 1st, 2009 at 4:37 am
It totatally depends on what your business is and how much cash you have available. Based on you asking this question, I would lease it out first. If you’re just starting out in your business and you purchased the place, the mortgage payment will eat up your cash flow. Leasing does not tie you into the place in case your business does not work out (you have more options to exit the lease). If you bought the place it will obligate you to make the payments unless you sublease or resale the place which can be just as difficult. Yes, I’m in real estate.
July 4th, 2009 at 2:39 am
What if your business grows and you don’t have any room? Then what?
The company I am with had to relocate twice in the first six months due to our growth.
I have only worked for one company that actually owned the property and that one was in the country (John Deere Dealership)