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Should I rent or buy space?
I have a distribution company and we are running out of space in our warehouse. This economy, however, is making me a bit nervous, so I wanted to know what is better financially right now in terms of buying or renting extra space. What do you suggest?
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1 Answer
That depends on your financial strength of your business. First of all, would the business qualify? If not, then answered solved. As far as buying space, I think this is the BEST time to buy. Rates are at an all time low. Buying property during this time of bad economic times is the time to get a great deal on properties for sale. Think of it this way, your buying stock at the bottom price. If you're interested, let me know, I handle commercial financing. Hope this helps.
Best,
Mark
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