Hi Kia, You are in the perfect position to do a "House Hack". You will need a commercial loan. You find a commercial property with space downstairs and three to four apartments upstairs. You live in one and rent the others out to help pay the mortgage. You may be able to cover the entire mortgage if the local rents are strong. It is a great strategy if it can fit your current lifestyle. If you don't want tenants you could buy a large house that has been converted to commercial (former law office, real estate office, insurance office, etc...) I am not sure about New England, but in Ohio we have these on Main Street in every town and city. Many of these already have living quarters upstairs.
Best wishes, *Brian Burgett* 513-609-4777 www.QueenCityCoworking.com <https://www.queencitycoworking.com/en> On Thu, Nov 15, 2018 at 4:45 AM INSTASQUARES Office spaces < [email protected]> wrote: > Hi kia, > According to me its better to lease an existing venue and rent it out why > because the business operations are already going on in the existing venue, > so its not a complicated task to manage. > > Regards, > Instasquares <https://www.instasquares.in>. > > On Saturday, October 27, 2018 at 3:56:05 AM UTC+5:30, Kia Moore wrote: >> >> Hi everyone, >> >> I am thinking about starting a co-working space in New England (USA) and >> I was wondering if it is better to buy a building or lease an existing >> building. I am also looking to buy a house right now and was wondering if I >> could roll a co-working space and house into the same property somehow, but >> zoning and codes seem complicated. So I guess I am wondering - is it better >> to get a business loan and buy a commercial space or is it better to find >> an existing venue and rent? How have others managed to finance their >> property? I would love your feedback as I try to get started! >> >> Thanks so much, >> >> Kia >> > -- > 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. > -- 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.
