- Zionsville, IN
- Votes |
I have just purchased my first commercial purchase. It is a unit I am going to build out for working space for my business. The commercial loan was taken out in the business with me (100% owner of the business) as a guarantor. I am not super privvy to what all that entails, but I got the building in a hurry due to a hot growing market with a ton of appreciation on the way. Put 15% down and financed the rest over 15 years.
What I am wanting to accomplish is to have the business pay me rent monthly while leaving the debt in the business. Is this possible? Beneficial? Looking for feedback on the process or any experience in this matter.