0 down on a commercial property purchase

DDA Mortgage • February 14, 2022

In the past, even a small down payment was enough to deter most people from buying commercial real estate. But for many business owners, the advantages of owning a building can outweigh the disadvantages of renting.


If you're thinking about purchasing a commercial property, here are some reasons to consider taking the plunge:


Owning builds equity.

As with any other kind of real estate, commercial properties go up in value over time. If you rent, all you're doing is paying your landlord's mortgage; if you own, you're building your own equity.


Owning saves money.

In addition to equity gains, owning can also save money in the long run. If you're renting a building that's suitable for your business now but might be too small in five or 10 years, it could be cheaper to buy than to move if space becomes an issue.


Owning gives control.

Renting puts you at the mercy of your landlord's whims; there's always the possibility that they'll raise your rent or not renew your lease when it expires. When you own your own building, however, you're free to make any changes necessary to suit your business needs now and in the future — and there's no need to worry about moving costs or finding a new location because you are the landlord.


Buying commercial property costs less than you think.

If you are a business owner for 2 years there is an opportunity to buy a commercial property with 0 percent down. Watch our video above to learn more.


Want to know more about buying commercial property? Give us a call at (727) 784-5555. We can walk you through your options. Or visit our commercial loan options page for more information.


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