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Showing posts from June, 2022

4 Advantages of Owning Your Business Property Instead Of Leasing

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Commercial Lending Texas Leasing your company's office or manufacturing facilities may work well for you right now. However, any entrepreneur heading up a healthy, growing business should seriously consider the many advantages of owning your own real estate. Generate Rental Income Now: Businessowners who form LLCs to purchase property may be able to generate income from the building sooner than they think. Depending on the type of business, the building's zoning, and the loan restrictions attached to their mortgage, entrepreneurs may be able to rent out parts of their industrial facilities or office buildings to tenants, thus funding their monthly mortgage expenses. Lower Costs with Fixed Mortgage Payments: When you buy a building, you can avoid annual lease rate increases by fixing your monthly mortgage payment for a decade or longer. This will hold down costs by protecting your business against rising lease rates. You'll have to make down payment upfront, but you may end