Looking at buying a warehouse

[Nomad74]

Not sure if I can make this happen, but the seed is planted. Going to look at this commercial building today. 3k+ sqft, five roll up doors, office. Asking $350k. We'll see if I can pull a rabbit out of my ass.

 

[BIG WOOD]

How can you afford this?

 

[Nomad74]

How can you afford this?

Not sure if I can. We'll see. There are many ways to buy real estate Matt. Gotta see what the wants and needs of the seller are and how I can meet them. I'll probably fall on my face, but it wouldn't be the first time.

There is a rule I use when looking at property. It's called the 100-10-31 rule. You look at 100, make a ridiculous offer on 10, 3 will accept, and 1 you will buy

 

[BIG WOOD]

I’m more interested on what your seed was?

 

[Sierra Clean Care]

Not sure if I can make this happen, but the seed is planted. Going to look at this commercial building today. 3k+ sqft, three roll up doors, office. Asking $350k. We'll see if I can pull a rabbit out of my ass.

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Personal use, or investment property?

 

[Nomad74]

Personal use, or investment property?

For my personal business use. Rug plant. Wash pit, tumbler, centrifuge. Maybe some old cars on blocks

 

[Sierra Clean Care]

For my personal business use. Rug plant. Wash pit, tumbler, centrifuge. Maybe some old cars on blocks

Damon, My goal when I set up my rug spa was to have it pay for the shop.
I’m able to cover the operational costs of the shop a few times over every month just from rugs....

 

[Nomad74]

Damon, My goal when I set up my rug shop was to have it pay for the shop.
I’m able to cover the operational costs of the shop a few times over every month just from rugs....

If I can put this together they way I'm hoping, I think the cost to me will be $500 more than what I'm currently renting my shop for. I should be able to make that up pretty easy. It's all pie in the sky right now. I agree. The rug-fag volume should pay for the shop expenses.

 

[steve_64]

Looking at this for $70000. Only 1100 sq ft but can add a larger metal building attached. Its been empty over 10 years on a busy corner in town. Roof has been leaking recently.

Looks great Damon. Hope you can make it happen.

 

[Cleanworks]

Damon, with that square footage, you might want to lease some of it out to pay the difference in your current shop rent. Use only what you need to start, then downsize your tenants when you need more space.

 

[Nomad74]

Damon, with that square footage, you might want to lease some of it out to pay the difference in your current shop rent. Use only what you need to start, then downsize your tenants when you need more space.

Already working on it. Maybe rent the office part out to a cpa or attorney.

 

[hogjowl]

You only need a single wide for cars on blocks.

 

[Bob Pruitt]

I don't know what I would do with that space but it's so nice I would have to think of something. Great place!

 

[DAT]

I love shop like those...id live in it.

 

[Nomad74]

Well, looks like it's happening. I was able to come to terms with the seller and we have an agreement. Throwing it into escrow tomorrow morning. I'll discuss terms and price once escrow is closed. What a day!!!!

Anyone know where I can get some good rug training? @cleanking , @T Monahan , @scottw

 

[DAT]

t's called the 100-10-31 rule. You look at 100, make a ridiculous offer on 10, 3 will accept, and 1 you will buy

no idea what ya mean... what do those numbers represent? I never been involved in stuff like those.

 

[Kenny Hayes]

That rabbit didn’t stay up your ass long

 

[Nomad74]

That rabbit didn’t stay up your ass long

Can you blame him?

 

[Kenny Hayes]

No, especially after a baconator!

 

[Mikey P]

I'll be cleaning my LR rug in my driveway again soon.

$2000 if you want to watch.

 

[Sierra Clean Care]

Well, looks like it's happening. I was able to come to terms with the seller and we have an agreement. Throwing it into escrow tomorrow morning. I'll discuss terms and price once escrow is closed. What a day!!!!

Anyone know where I can get some good rug training? @cleanking , @T Monahan , @scottw

Go volunteer for 3-5 days @ Robert Mann’s shop in Denver....
You’ll come out of there with a whole new perspective.

 

[Mikey P]

Try not to break anything, would ya please..

 

[Sierra Clean Care]

And while your there, pay particular attention to Robert’s way, and also Andre....
Those two know their rugs....

 

[Mark Saiger]

Your camper is already parked there I see @Nomad74

Best wishes....looks great and I am jealous....great looking place!

 

[Nomad74]

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Your camper is already parked there I see @Nomad74

Best wishes....looks great and I am jealous....great looking place!

haha, good catch on the Nomad.

See what happens when I push through my wall of fear of hiring employees? Now i'm free to go nuts. lol.

 

[Lee Stockwell]

Short trip...

 

[Bob Pruitt]

Congrats Damon! Very happy for you my friend.

 

[clean image]

What is it zoned for?
What is taxes a year?

 

[Nomad74]

What is it zoned for?
What is taxes a year?

Commercial mixed use

 

[hogjowl]

Canadians are nosey