Brrrr Warehouse to live/work
Hello all, Had a questions when it comes to BRRRR'ing a warehouse. I'll try to give you as much background as I can. Feel free to direct me in the right direction if this has been covered before. Here we go.
Background for Background sake: I am a fairly new Realtor (3rd year) but want to get into flipping and BRRRR'ing houses. I also have a side hustle of woodworking. It's not the main thing but I have quite a few tools that take up space. Hopefully you can see where this is going. I recently got kicked out (today actually) of the place I was living. I'm fine and this is the exact thing that a person needs to find even more motivation. With all that being said here is my thoughts.
I'm in Southern California north of San Diego. I've located a warehouse that qualifies as a live/work space. It needs work and I will have to jump through some hoops when it comes to planning and parking but from what I've found out so far I think I can do it. My plan as of right now is to put some sketches together of rough plans and present them to the planning people of the city. If I can make this all happen, I have a place to live, my tools are safe and I can work, plus I have a friend or two that are willing to rent floorspace from me, thus limiting my expenses.
My other question is financing. I need it. Where to start. I was going to talk with our in house lender in my office and go from there.
I need thoughts, guidance, next steps, things I missed from the BP nation.
Thanks everyone. Toby