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What would you do if you had a 2800sqft garage? (alien.top)

submitted 2 years ago by rebelwithoutaclaw@alien.top to c/entrepreneur@indiehackers.space

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I have a 2800sqft building attached to my house. It was commercial until the 1980s, but now its zoned residential. I am going to try to fight that, but in the meantime, lets assume it won't be zoned commercial. I'm quiting my job january 1 to fly solo and utilizing this space is an important part of the plan.

Ive thought about an Airbnb. I already have utilities and waste lines in there. I estimate I could build something for 75k and probably get 3k in gross.

Things like 3d printing, bitcoin mining, use it as a warehouse to buy and sell things from alibaba, all cross my mind but I have no experience with anything like that. So, I'm hoping for some guidance from some smart folks. If you had 2800sqft and 100k to invest, what business would you start?

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[–] rebelwithoutaclaw@alien.top 1 points 2 years ago (1 children)

Haha it definitely isn't the best plan, but at this point I have the house split into a 1 bedroom basement apartment and then a 5 bedroom home. I'll be moving into the 1 bedroom and rent the house and that should keep the roof over my head with a cash flow of 1k. That is a slow enough bleed that I could spend a year or two building a business and survive

[–] AmbitiousManner8239@alien.top 1 points 2 years ago

If you’re business plan is just renting out property - why would you quit your job? Also don’t try to start a business unless you have something in mind that you know with years of industry experience. You’ll fail and lose all your startup cost.

Commercial space rents at $1/sf/mo most places. Rent it out, let someone else gamble on starting a new business, walk away with 36k/yr.