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Acquiring the Real Estate Where You Work
Manage episode 342062595 series 3237066
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Paul Neal is a serial entrepreneur, having owned six businesses over the course of his career. He has watched entrepreneurs trying to fund a business acquisition or real estate of any type go to a local bank. But his experience says otherwise. That is why his company, Vantage Point Commercial Capital, provides alternative sources and acts like a “funding concierge,” partnering with the business owner / investor / professional to help understand what they are trying to accomplish, both short term and long-term, and helps them make the right choice. One major advice he tries to coach business owners on is to acquire the real estate where their business is located. This helps them invest in themselves, rather than paying a landlord.
Join Paul Neal and Host Dan Lesniak as they discuss…
∙ Helping business owners acquire the real estate where their business is located.
∙ How business owners can acquire real estate with 5 to 15% down payment, or sometimes less.
∙ How owning your own commercial space brings tax advantages and defers other costs
∙ Why getting a mentor is the best way to avoid mine fields.
QUOTES TO SHARE
💬 “We're essentially a funding concierge that partners up with the business owner, investor, professional gets to know what they're trying to accomplish sort of on a short long term, situation, and then just makes recommendations” - Paul Neal
💬 “One of the areas that we see that people trip over all the time, and just don't even think they can go there is on the owner occupied commercial space” - Paul Neal
💬 “The typical business owner – they sign up for a 5 or 10 year lease, and you're basically teaching them, you know, instead of going and paying that landlord, to go out, buy your own building, operate it.” - Paul Neal
💬 “Get a mentor. Find someone who's done it before you that you can listen to who will help you avoid the minefields because there are a lot of them out there” - Paul Neal
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