Fred Webha Sr

Real estate professional Fred Wehba understands that decisions about leasing and buying a property can be among the most important choices that today’s Americans can make.  Before embarking upon the path to property ownership, Wehba advises individuals to seek consultation from trusted experts in the field while performing ample research about the current market.

Q: Is leasing or buying the more prudent strategy for today’s Americans?

C. Frederick Wehba: Both options have their benefits and drawbacks. Before purchasing a new property, the business owner must present a significant down payment. Initial costs also include potential renovations and property appraisals. For these reasons, purchasing is a more complex process that requires time and effort. This financial investment should not be taken lightly.

Q: What other duties and responsibilities are required from the business owner?

C. Frederick Wehba: Most clients often fail to understand all of the duties involved with purchasing a business property. This purchase requires the new owner to consider repair and maintenance costs. Buying a property can sometimes make it difficult for an owner to adapt and adjust with their company’s growing needs. Site maintenance initiatives and other inherent duties are another important factor to keep in mind when considering a purchase.

Q: Why can purchasing be a more financially feasible option?

C. Frederick Wehba: Property payments and mortgage can be deducted from a business owner’s annual taxes. Plus, the business owner holds total control over the property, which offers the opportunity to make alterations and adaptations depending on the business’ specific needs.

Q: How does leasing differ from purchasing?

C. Frederick Wehba: Leasing has advantages as well. Due to a relatively small amount of upfront costs, the process can be much easier on cash flow. Properties in highly attractive and desirable areas are more likely to be leased than presented for sale.

In the end, it’s recommended that investors confer with an established real estate pro and discuss all of the possibilities before making a decision.

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