Invest in Yourself...Make 2020 YOUR Year! CHALLENGES OF LEASING STOP Building Other People's Wealth In Calgary, more than 95% of medical office space is leased. STOP paying rent! McDonald's isn't just about selling hamburgers and fries, it is a $30 billion dollar real estate company that owns most of its' land and buildings and leases it to franchisees. Inconvenience and Inflexibility Unless you are one of the few medical and health services practitioners who have chosen the benefits of investing in their own office space, your hands are tied when it comes to how your building is maintained and managed. You suffer the inconvenience of spaces not designed for the medical profession just to be in a convenient location. Often you settle for inadequate HVAC systems and a lobby or elevator not wheel chair friendly. You pay more to ensure secure parking for your patients and you lose money each time you make leasehold improvements to a building that you don’t own. Once you make the leasehold improvements (often with many restrictions) and your lease term completes, your landlord raises your rent! OPPORTUNITY ABOUNDS Grow an Asset There has never been a better time to purchase your own medical office condo. After 20 years of being a tenant, you will have nothing to show for all the money you have invested in your office space. If you were to buy or mortgage the space, at the end of 20 years you would have equity, the benefit of the improvements you have made to the building, and the appreciation in land value. Potential for an ANNUITY Perhaps one day you wish to retire your practice. Turn the tables and lease out your space and become the landlord! Those lease savings will become your cashflow! Flexibility When Time to Sell Despite market ups and downs, real estate is always worth something. Your financial planner would recommend that you lease depreciating assets such as an automobile, and that you purchase appreciating assets like real estate.