To buy or not to buy that is the question every business owner asks themselves. Is it better to lease my space where I can grow my business without the headaches of owning the property or purchase a building where I can grow equity in the real estate?
Cash flow is the biggest concern of every business. There are so many unknowns out there that purchasing the space to run your business may not be the best way to go…yet.
Owning real estate can be a great investment if you’re ready. You can grow equity and have something tangible to show for it but when you’re just starting out you may not want or need the added stress of a large mortgage payment on top of trying to get your business off the ground. There’s a lot of responsibility that goes along with owning a building.