Transforming Profitability with Owner Occupied Commercial Real Estate
Considerations and Costs
While the benefits are substantial, it's crucial to consider the associated costs and responsibilities. Ownership involves maintenance, repairs, and property management, which can be demanding. However, with proper planning and management, these challenges can be mitigated, allowing you to focus on the strategic growth of your business.
Initial costs can include down payments, typically ranging from 10% to 25% of the property's value, depending on the financing structure4. It's essential to evaluate these expenses alongside potential tax benefits and equity gains.