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/biz/ - Business & Finance

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20152608 No.20152608 [Reply] [Original]

Thinking of buying a property that includes a 20 year old modular home in great condition and a brick community center in OK condition that needs some repairs on the inside (mostly plaster and cosmetic stuff). The property is on a quiet one acre lot in the middle of nowhere, has a stream and woods, no neighbors.

The community center is two floors, about 4000 sqft, 12 and 18 ft ceilings, first floor is a dining area with industrial kitchen, second floor is a dance floor with a stage.

Thinking of living in the modular home and renovating the brick building over the next few years. Maybe opening a business of some sort (restaurant, pot farm, gym, daycare, whatever).
Should I pull the trigger? It's about 25 min from my day job (country roads, no traffic). It's pretty affordable, will be paying cash, but using almost all of my savings. Any anons with similar experience?

28 and first house btw

>> No.20152668
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20152668

>>20152608
does it have a cattleroom

>> No.20152714

>OP has his own community centre when he lives on his own miles from anyone
Kino

>> No.20152767

>>20152608
what business you gonna run in the middle of nowhere -there's a reason its so cheap stay away

>> No.20152806

>>20152608
Hard to say about the old building. Really have to see what's nearby and the location.

>> No.20152877

>>20152668
it doesn't, but you could widen the doors and have an indoor cattle ranch. The Jew fears this
>>20152714
Yeah I fucking hate people, I wanna be as far away as possible
>>20152767
I could even just transform it into a mansion, add some interior walls and bathrooms and stuff. Running a business was just one idea. And it's not super far, maybe 10 min drive from the nearest town.
Currently I live in a tiny cuckshed apartment and I'm so fucking sick of it, I'd love to just keep the giant second floor as a personal office for a year, even if it costs me $500 a month in heating bills

>> No.20152923

>>20152806
It's solid brick, about 100 years old. Was used to host gatherings till last year, so I'm assuming they kept up with maintenance. It has several small towns (5-10k pop) in a 15 minute radius, and one mid size town (30k pop) 10 min away

>> No.20152980

>>20152608
You should wife someone up and have 30 children. Could literally start your own town.

>> No.20152988

>>20152877if its for you thats fine. could you turn it into a multi unit and rent out the other spaces. live for free or even make some cash monthly. that may make the most sense

>> No.20152993

I'd come up with a concrete business plan before buying a community center that you'll have to pay taxes on.
>>20152923
> Was used to host gatherings till last year, so I'm assuming they kept up with maintenance.
NEVER assume shit with real estate. That's how you find out you need $50k to replace the roof or that there's septic leak that makes it impossible to ever sell again. Get an inspector and do your due diligence.

>> No.20153026

>>20152993
this

>> No.20153072

>>20152993
This exactly, if they refuse inspection, walk the fuck away

>> No.20153144

>>20152993
thanks, will do.
The property has no zoning apparently, so it can be used for whatever.
But yeah I'll get it inspected for sure

>> No.20153314

>>20152608
Don't buy a public use property right out the gate. The upkeep will kill you if you actually use the damn thing.