Bought an Elephant at Auction…. Now what?

[Amanda Green]

Hi.

First time on the forum though been following the podcast for a few years. 

So last week I did something truly dumb. I bought a massive [9,000 sqft +basement] old [est.1900] building [church] at an online auction, site unseen.

This was my first time buying anything from an online auction, technically first time bidding on something. I was honestly surprised that it was “that” easy.

It is about an hour's drive from my house now and I justified it as a BRRR type deal… but honestly I just think I bite off more than I can chew. I was renovated somewhere in the late 1980's and re-zoned to Residential. It's got great bones and potential but I'm just at a loss as to how to move forward.

How to find investors to build this into a multifamily, niche/unique, building? I am open to flipping it too, anyone in Dayton? 😅

[Chris Seveney]

Quote from @James Wise:

Quote from @Amanda Green:

Hi.

First time on the forum though been following the podcast for a few years. 

So last week I did something truly dumb. I bought a massive [9,000 sqft +basement] old [est.1900] building [church] at an online auction, site unseen.

This was my first time buying anything from an online auction, technically first time bidding on something. I was honestly surprised that it was “that” easy.

It is about an hour's drive from my house now and I justified it as a BRRR type deal… but honestly I just think I bite off more than I can chew. I was renovated somewhere in the late 1980's and re-zoned to Residential. It's got great bones and potential but I'm just at a loss as to how to move forward.

How to find investors to build this into a multifamily, niche/unique, building? I am open to flipping it too, anyone in Dayton? 😅

lol bro, what are you gonna BRRRR a church into?

 I would become a pastor, raising money for crypto. Here is the model I would follow:

Pastor claims God told him to create $3.2M INDX cryptocurrency scheme (usatoday.com)