Buying the building in which your business is based can be a significant wealth building tool. This week on Grow Money Business we have a distinguished guest who educates physicians, owners, and investors on healthcare real estate investment opportunities. Trisha Talbot is the Managing Principal of Doc Properties, through which she supports healthcare practitioners in maximizing the economic worth of their real estate holdings on which they conduct business. Throughout this week’s episode, we delve into numerous aspects of constructing and buying the building in which you firm operates.
[02.42] Trisha’s Background – Trisha narrates her journey so far, and explains the work she carries out through her business.
[06:56] Transfer Tenant Improvements – Trisha discusses numerous points to consider when transferring tenant improvements into a new location.
[08:55] Patient Base – Trisha emphasizes the importance of the patient base while determining the best location for a medical practice.
[11:00] Types of Buildings – Trisha reviews numerous types of buildings, while explaining the significance of real estate supply.
[16.35] Commercial Property Asset Prices – Trisha talks about commercial real estate asset values and shares her viewpoint on using them as investments.
[21.29] Lease Terms – Trisha highlights some of the critical factors to consider when filling out lease conditions.
[26:44] Construction – Trisha discusses the advantages and disadvantages of constructing the buildings.
[44:38] Role of Landlords – Trisha explains the role of a landlord, and shares some tax benefits related to owning a building.
[51:59] Common Mistakes – Trisha highlights some potential problems that can arise while purchasing and constructing buildings.
[55:59] Final Advice – Trisha delivers her final comments to business owners who are considering acquiring a building for business operations.
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