Run the numbers, but sounds like a great idea if the numbers work. Another thought I've had is to switch to non-profit, as we currently pay more in property taxes than in staffing!
On Tuesday, May 19, 2015 at 8:57:16 AM UTC-4, Stephanie Miles wrote: > > Thank you for the insights! Glen, I hope your wife pops in with her > thoughts, as well. We're still in the earliest stages, and I still need to > run all the numbers (taxes, etc.), but the building we're looking at seems > like such a great opportunity. I just wanted to make sure I wasn't missing > a big piece of the puzzle here. > > > On Sunday, May 17, 2015 at 4:16:22 PM UTC-7, Stephanie Miles wrote: >> >> Hello all. I'm new to the group, at the very beginning stages of opening >> a coworking space in Redding, CA. (pop. 90,000) >> >> I'm considering buying a commercial space for my coworking business, >> rather than leasing. Obviously it's a big financial investment up front, >> however based on looking at the market here, it seems like the monthly >> payments on a commercial real estate loan would be less than the cost of a >> lease on a similarly sized space. (I'm looking at pretty run down >> industrial spaces, with the plan to renovate.) >> >> Wondering if anyone else has done that and what unexpected issues, >> challenges, or even benefits you faced by doing so? >> > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
