All Forum Posts by: Account Closed

Quote from @Henry Clark:

Existing models

Contact Council Bluffs Iowa Chamber Commerce.  Ask about their for rent office complex      
.     
Contact Omaha chamber. Ask about the Maker Space and get contact info. 

I am in TN and contacted my states Business and Development center. Have a meeting next week. My area does not have this and we are growing in population and other businesses are coming in. I plan to rent out larger spots and sublease them. 

Quote from @Brad Jacobson:

Hey @Account Closed,

What I'd recommend is combining your ideas with the "house hack."  A SBA loan (small business loan) will allow you to buy a commercial space with multiple units as long as your business occupies at least 50% of the building.

You should buy a building with 50% co-working space that would act as your business and one or two more units that you could rent out to other businesses.  Then those other one or two businesses would cover most of your mortgage and your business could own a space without a big monthly debt burden.

Good luck!

I was thinking on that too. We are on the same page. Love it. I need to find out how much rent will be in order to sustain even the min of expense- rent, insurance, taxes etc. I am even thinking of going to the seller and negotiate something in the lease. I appreciate your ideas. Thanks!

Quote from @Scott Mac:

Wouldn't it be interesting if places like this had a pool, hot tubs, and a steam room--like a club.

Mix business with pleasure...Do business from the hot tub--like Austin Powers.

That sounds really fun. I was thinking small for now. At least a putting green. This particular building would not have space for a pool and such. I would have to build that here. 

Quote from @Scott E.:

I love this idea. The thread caught my eye because I've been considering something similar out here in AZ. I spend a lot of time at coffee shops and the challenge with coffee shops are:

1. Often there aren't any seats left
 

This is why I thought of the idea. WeWork will never come to our growing mid size town. We are into not will be metropolitan enough. I will have to find money to buy the building and rehab. I need to create my business plan for the lenders. By asking for investors, I can still do the business plan but they get to know who I am and the work I would put into it. I am thinking starting small. The space I am looking at is 9,000 sq ft. Monthly rent 8k plus utilities etc. I don't have to use all that sq footage. Build a name, reputuon, money in the bank and then go to a lender????

Thank you. I have just started and asked some people I know who think it is needed. Many people here have satellite. If they work at home they need a fast internet and depending who they use it can be okay or really good. I am a realtor and hear of other agents wanting office space (cloud platform with no office) or people who work for an employer. I will do more research though. 

Hello. I have an idea for my community that is needed. I want to create a co-working space like @work for business people to collaborate, network, rent private offices, have a short term lease (part time), coffee bar, printers, WIFI, conference room, etc. 

I have a few buildings that can suit this idea. What would you suggest in regards to bring the building or start small and rent? A few building I would need to build to suit. Others may really work well but need cosmetic work.

Which ever way I choose I am looking for financial backing to accomplish this goal. Thank you for your time answering. 

In my area, nothing is cookie cutter. My hold back is the offer price. There can be a 5 bedroom new home and 4 miles away a home with a trailer. It can drive on crazy. My comps have to be miles away at times and then I am nervous the appraisal (if any) comes back even less. 

Quote from @Charles Gorman:

Sounds good! We hope to see you July 5th

 What time?