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

submitted 11 months 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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[–] Gamernomics@alien.top 1 points 11 months ago (3 children)

Mate it sounds like the entirety of the plan here is to quit your job and do something that has to do with an empty space. That's a shit plan. Don't follow that plan.

[–] reboog711@alien.top 1 points 11 months ago (2 children)

Based on his ideas, I Was thinking he was looking for a way to not be bored in retirement...

Also, a 2800 sq ft empty building attached to a home. How big is this home?

[–] rebelwithoutaclaw@alien.top 1 points 11 months 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 11 months 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.