8 ms·
Just bought my first warehouse. 50,000 Sq Ft.
What should I do? rent it out or use it for ecomm companies. Need some Help.
- _delirium 12y agoDepends a lot on the location!
- nowarninglabel 12y agoCould you walk through a bit, your thought process, on buying a warehouse, for instance why you decided to purchase it?
- businessgeek 12y agothat was my first thought, too. why buying it when not to know how to use it!? nevertheless: start a big coworking space :)
- shawnk 12y agoGot it at a great price... A very great price :)
- juliangoldsmith 12y agoBut to what end? If I could buy a brand new dump truck for $1000, does that mean that I should?
- reeses 12y agoI suspect you already know the answer to that. A brand new dump truck would be clean, with a minimum of oil, grease, dirt, or grime. I'm sure you could construct a large enough accommodation inside the bed of the truck to have the equivalent living space of a medium sized sailboat. The great part of this is, when all of your clothes smell like diesel/gazole/etc., people will assume you are a liveaboard! You would have excellent security. If you had a "home invasion", a simple press of a button would disorient your attackers and incapacitate them much in the way of the wicked witch of the East. If they have ruby slippers, I believe they would be yours by right of conquest. Also, you could park almost anywhere you liked, at any time. No one questions a dump truck being anywhere, because they have so many uses. With a prudent selection of magnetic door logos, you could park for a nap in the middle of Market Street in San Francisco, Fifth Ave in NYC, or right in the middle of Piccadilly Circus.
- jackgolding 12y agoGold!
- DanBC 12y agoYes. There are many uses for dump trucks and you would quickly get back your initial $1000, and any other costs such as storing it between jobs, servicing it, and so on.
- lgieron 12y agoIf you don't know what to do with it, and you bought it below market, just sale it for market price, book the easy profit and move on.
- dosh 12y agovisit top 5 co-working spaces around US/UK and start your own. pros: you get to meet talented people and they will work in your space. cons: your rent might not be that financially rewarding.
- shawnk 12y agolove the idea but why would'nt the rent be too rewarding?
- deleted 12y ago[deleted]
- akg_67 12y agoLease it to someone who knows what to do with the warehouse.
- reeses 12y agoThe first thing I think with "cheap <industrial>" is "superfund". I hope no one ever did any work with electroplating, pharmaceuticals, pesticides, VOCs, asbestos, explosives, PCBs, or any other fun stuff that will come back to haunt the current owner.
- akg_67 12y agoAgreed. Hopefully, OP got the inspection and testing done before buying the warehouse. Also the purchase agreement doesn't absolve previous owner of any previous environmental contamination and cleanup costs.
- fuzzythinker 12y agoWhere is it?
- lsiebert 12y agoWhere are you? If you are in the sfbay area, I may have a suggestion.
- Kanbab 12y agoAsk BiggerPockets.com, they would know more about best use of real estate than Hacker News.
- voiduser 12y agoSo you bought something without really thinking it through. GOOD WORK!! If I were you I would look at increasing its value then selling it on as quickly as possible. You obviously dont have the vision or mentality to be an entrepreneur.
- greendata 12y agowhere is this located?