Buy a Distressed Commercial Property
If you are cutting costs at work but you are also expanding then you might think about buying a distressed commercial property as your place of business. This will be a good decision if you need a location for your company. The good news is that you will save thousands of dollars when you buy a distressed commercial property because the bank will already have lowered the price of the building significantly lower than the market value. You can never really go wrong when you buy a discounted building for your business.
Banks want to sell the commercial real estate foreclosures they have on their books. They are practically desperate. It can really put your business in a great financial situation if you buy a building and have instant equity. You may have had a very low amount of equity in the business in the past but when you purchase commercial real estate foreclosures then you can be sure that your business has thousands in equity to work with. This is a great way to start a new business and it looks very good on the books when you have tons of equity in the company. Buying a commercial building at market value will possibly put you upside down and owing but not give you instant equity.
A distressed commercial property is an excellent opportunity for a company to remain alive. If you currently own a business and you need a lower monthly payment on your building, if you rent at a high rate, or if you need equity in the company then you should consider commercial real estate foreclosures.