Once you own the property, you will be responsible for a monthly mortgage payment, but this money will go toward building your wealth, not that of a landlord.I have represented many business owners whose monthly mortgage payments were less than what they were paying in rent – often with larger and better space.Part of Mc Donald's long-term success comes the fact that it owns the land and buildings at most of its locations – and its franchisees pay it rent.
Once you own the property, you will be responsible for a monthly mortgage payment, but this money will go toward building your wealth, not that of a landlord.I have represented many business owners whose monthly mortgage payments were less than what they were paying in rent – often with larger and better space.Tags: How To Write A Summary Response EssayCritical Essays On Anthony BurgessReview Of Related Literature And Studies About BullyingGood And Evil Essay Conclusion6th Grade Science HomeworkWireless Sensor Networks Security Phd ThesisCase Studies Consulting Book
If you own your building and receive regular rent payments as part of the purchase agreement, it will make this financial transition easier and give flexibility to the seller.
Alternatively, you could sell your business and continue renting your property to that buy – or sell the building.
Many entrepreneurs make a mistake and only follow a couple paths toward building their wealth.
For example, funding a retirement account and growing a business that they can exit someday by selling it to a third party.
I can offer no guarantees, but many small business owners who buy their buildings end up with an enviable gain when the time comes to sell.
Commercial real estate ownership is a sound and proven wealth creation strategy.The answer is owning real estate for our business – a strategy which can save a business money and help the owner generate wealth.We can all look to the real estate wisdom of the “golden arches” to help fund our golden years.While you can’t predict that commercial real estate will appreciate, it is traditionally a good investment.Commercial buildings can grow in value significantly, particularly if you hold the property for 10-20 years.A big part of its profitability comes from the fact that it owns the land and buildings at most of its locations and its franchisees pay Mc Donald’s rent.One of the most recognizable brands on the planet makes a lot of money by owning commercial real estate.Don’t get me wrong, these are both important strategies, but many entrepreneurs forget about what I call the “wealth beneath their feet,” the commercial real estate which is needed by their business to operate.One immediate benefit from buying your commercial property is that you no longer pay rent – at least not to your former landlord.Mc Donalds is one of the largest fast-food chains of the restaurant.Established in 1954, now has around 30,000 outlets in more than 110 countries across the world.