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Planning to buy/rent a space for storage.

Discussion in 'Financing' started by Matte, Jan 30, 2017.

  1. Matte

    Matte New Member

    Joined:
    Jul 4, 2016
    Messages:
    4
    Location:
    Toronto
    Hi,

    We have plans to buy a space for a storage unit on the outskirts of the city. Our current inventory is congested and we plan on buying or renting a warehouse to store the big equipment.

    I was thinking about buying a unit because it will be an asset in the future. I read about the industrial mortgage available for storage units and warehouses. It doesn't seem like a difficult task for me to get one. But, it confuses me whether to rent a space first before buying a property.

    What do you think? Need advice.