Business Owners Need to Own Their Building

DEDHAM, Mass. - July 1, 2016 - PRLog -- Chief Financial Officer Michael Barbarita urges business owners to purchase their business facility and/or office space instead of leasing it.  Drawing on his many years of experience performing CFO services, Michael recalls office space that he leased for 27 years since 1983.  He accumulated $700,000 in rent costs during that time and regretted not buying it because of the tax advantages he missed out on as well as not having the space as a resalable asset.

If you cannot afford to buy, Michael suggests that you lease with an option to buy. Through this option, you are:

· Not committing to a purchase

· Controlling the space/facility and it cannot be sold from you

· You can try the facility and see if it fits your needs before you buy

· You have time to work toward a down payment

· You can lock in a favorable option purchase price in this current real estate market

This strategy can help you acquire a valuable asset for your money instead of just acquiring rent receipts.

The entire blog post can be found at http://cfo-chief-financial-officer.blogspot.com/2011/10/cfo-services-option-to-consider.html.