Talked the GF into buying an old industrial building to renovate! Were do I start?

[yellow2000S/R]

SUBSCRIBED!!!

I want to do the same thing, but it wont be for at least a few years down the road. I've talked to my parents about this kind of stuff before.

[kunt_masha]

my older cousin bought an old shop, meineke or pepboys and turned it into a house.


He spent about a year getting paperwork straight before he could move in, then spent another year or so renovating to make it livable. Heating is real expensive because the insulation in the building isnt up to a houses standards

Its real nice now though, he has an enclosed loft with glass windows as his bedroom that sits right above the garage. He turned one garage bay into a full bar..its sick, ill ask if he can send me pics some time


good luck with it but you better have way more cash than you expect it to cost.

[Drftpretty]

Originally Posted by poolmike

My sister and late brother-in-law renovated an old industrial mill in Manayunk. There are some zoning issues, and code enforcement in Philly sucks, but it is well worth it. There are ways around every obstacle. If it is zoned industrial, you can claim that you are just a 'live-in maintainence' crew until you get the residential approval. If it is large enough to chop it up, do so and rent other parts out. Incorporate the building with sme kind of business name, and bury all of your income in it. Everything you do to the building will be a huge tax deduction.

I say go for it.

I didnt even think of that! Thanks a ton! My dad owns a catering company and was looking for storage anyway, I could write off all the expenses and then be the live in janitor & crew.

I called a realator today and Im waiting for a call back.

Ill keep you guys posted.

Njsurfgurl, I was thinking either Allentown, Philly burbs, or some hillbilly town up here near allentown which I doubt I would have any trouble with permits lol. Ill be in touch for sure. Thanks!

Originally Posted by kunt_masha

my older cousin bought an old shop, meineke or pepboys and turned it into a house.


He spent about a year getting paperwork straight before he could move in, then spent another year or so renovating to make it livable. Heating is real expensive because the insulation in the building isnt up to a houses standards

Its real nice now though, he has an enclosed loft with glass windows as his bedroom that sits right above the garage. He turned one garage bay into a full bar..its sick, ill ask if he can send me pics some time


good luck with it but you better have way more cash than you expect it to cost.

Please do ask him! Also, was he prohibited from working on it for that entire year? Because I plan to take a 27 month masters program in Fla. and I dont have a problem letting the house sit when my moms BF works on it. Theres no rush. I just wanted to get the ball rolling. Thanks!

[den9]

kinda reminds me of the real world philly, where they turned that bank into a huge house, what street was that on anyway?

[Drftpretty]

IDK but theres a tatto place in Kutztown that was a bank as well.

Vault=Bondage.

[jdm free]

Originally Posted by den9

kinda reminds me of the real world philly, where they turned that bank into a huge house, what street was that on anyway?

it was on 3rd and arch

[yellow2000S/R]

Any updates on this? I'm interested... just remembered about this topic today and looked it up.

[90Laser]

Theres a old farm house down the street from me for sale. Its huge, 5bedrooms, 3baths, in-ground pool, two car garage+bigggggggggg Barn and its on over an acre of land Salisbury school district too. They are only asking 264k for it, its a steal. Not exactly a industrial building, but it is cheap.

[OPZ]

I just kinda skimmed this, but that would be an amazing house. I'd deff rock one.