4.7 • 4.1K Ratings
🗓️ 25 August 2025
⏱️ 39 minutes
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| 0:00.0 | From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership. |
| 0:21.9 | I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches, |
| 0:26.7 | just like you. |
| 0:28.1 | If you've got a question you want to ask on the show, you can fill out a forum at ontraryleadership.com slash ask, |
| 0:33.9 | and we'll make you a caller, or you can just call, leave us a note. |
| 0:36.5 | The number's 844-944-1070. That's 844-944-1070. John is with us in Austin, Texas. Hey, John, how are you? |
| 0:51.3 | Hey, Dave. I'm doing good, man. I am the owner of a fabrication company based in Austin, |
| 0:57.3 | Texas. We have 14 full-time employees, and we did around 3.5 million in revenue last year. |
| 1:03.8 | Good for you. Thank you. Thank you. We're consistently running into space limitations in our |
| 1:10.1 | current shop, and it's beginning to restrict our ability to take on more work. |
| 1:14.4 | My question for you is I'm wondering at what point does it make sense for us to stop leasing and to start considering purchasing a commercial property. |
| 1:25.5 | Number one, at the point you can pay cash, which I'm guessing you can't. |
| 1:30.4 | We cannot currently pay cash, but we can pay a decent amount right now. |
| 1:36.4 | That would be the only way I would do it, number one. |
| 1:39.9 | Number two, when you start buying real estate that your business is operating in, you're |
| 1:45.8 | now in two businesses, the real estate business and the business that you're in, the fabrication |
| 1:52.1 | business. |
| 1:53.1 | And so I own the building that we're in, and I owned the last building that we're in, and I |
| 1:58.8 | still own it. |
| 1:59.4 | It's full of tenants now. |
| 2:03.4 | The problem will be when you outgrow the next one. If you go buy something twice as big as you |
| 2:10.2 | have now, and you look up in a few years and you're back in the same situation, now your real |
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