Two things are certain — no three: death, taxes and the future failure of social insecurity. In the golden days, our grandparents retired with a pension plan. In more recent years, our parents (those who financially survived the Great Recession), live off social security. How will you fund your retirement in the event both are absent?
Banks love to finance buildings that you operate out of. First, you have “skin in the game.” Second, you can form an LLC and rent the building back to yourself at a profit. Third, you get a tax write off for the interest and expenses.