Re: [Coworking] Re: Want to start up...should I buy or lease a co-working space?

[Brian Burgett]

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 


On Thu, Nov 15, 2018 at 4:45 AM INSTASQUARES Office spaces <
instasqua...@gmail.com> 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 .
>
> 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
>>
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[Coworking] Re: Want to start up...should I buy or lease a co-working space?

[INSTASQUARES Office spaces]

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 .

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
>

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[Coworking] Re: Want to start up...should I buy or lease a co-working space?

[Jeannine van der Linden]

I opened my first coworking space in the former stable attached to my 
house.  The house is over 400 years old and was (we think) originally a 
guest house for the 16th century cloister up the road.

(As an American can I just take a moment to boggle at this.  Y'all from 
eastern europe, I know a 16th century cloister is new construction for you, 
bear with me here. ) 

Aaaanyway, the former stable was converted by a former owner to office 
space and it is now coworking space.  The advantages of a carriage house 
coworking are legion, I have to say.  Amoung other things, you have a very 
reasonable landlord.

 It was important in all this to present the space as what it is, it is a 
home for small business and freelancers and so everything about it is 
informal and cosy and homey.  It was hard not to give in to the urge to 
make everything all corporate, but I did and am glad.   I find this is key 
to all of the spaces I have worked with:  the first thing I do is find out 
a lot about the location itself, the people who live there, and its 
history.  Everything about it is informed by that.  Even the types of 
memberships are different depending on the surrounding community.


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[Coworking] Re: Want to start up...should I buy or lease a co-working space?

[Angel Kwiatkowski]

You needn't worry about whether to rent or buy until you do about 100 other 
steps first to establish that there are real people interested in what you 
want to do. Most of the chapters in my latest coworking workbook have 
hands-on activities you can complete over the course of a few weeks to 
determine the viability of your idea. Once you have a small posse of raving 
fans, you can worry about real estate.
https://www.diycoworking.com/shop/ultimate-coworking-launch-sequence-ebook

Angel

On Friday, October 26, 2018 at 4:26:05 PM UTC-6, 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
>

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