Preparing to be roasted for asking this, but I am curious as to what I could do here other than get my life together.
I'm a photographer, and I came across a property being sold as residential for $650K. Well outside my budget. Said property has a bike shop attached that could serve as rental income.
My dream is to buy this property, keep the bike shop as a tenant but use the residential side as a venue for photographers and videographers, possibly use the bedrooms as an Airbnb. Maybe have events.
Again, I know I'm not ready to make such a purchase but what would I need to do to put myself in such a position? Obviously make more money would be the first priority, but is there a viable plan that would allow me to qualify? I've seen that I could possibly form an LLC but I'm really green to all this.
Thanks in advance.
Window shopping for a potential house that would be used commercially. Where to begin?
byu/bgva inRealEstate
Posted by bgva