D
DeletedUser0287
Guest
My business venture requires a great deal of room and I currently live in my parent's and there isn't enough room. Renting or Condo doesn't work because I will have some machinery that will quickly outgrow it, but also they make noise, so I can't work when I want. Definitely gonna cause problems in apartment scenario. Could definitely see myself getting kicked out.
The best decision I have found is to buy a home, but it is massive debt. Should I lock myself in mortgage payments so I can freely run my business in it. This is obviously better than having a separate office space. Honestly fee like those are a big waste of money.
The lowest cost homes in this area are like 150k. So few I can count them on my fingers. Should I just buy a mobile home? They run like 70k. But then again a mobile home does not appreciate. Although not my main goal, if I'm putting this much money down might as well get something that appreciates.
The benefit of buying a home is that over the long run, it seems it will be cheaper to own (plus I need control). But in my state, property taxes high as hell. Even paying off house it looks like I will be paying $500/month in property tax...
But if I spend money on the home, I will not have enough money for the machinery. Machines I need are going to run 1k, 3k, and then like 5k. Got a lot of costs coming.
Another risk is ensuring I will actually stay here. My dream is to eventually be either in Dallas, TX, New York, or San Diego, CA. If I settle down now, I will really be paying the price in moving costs with the machinery.
Actually blows my mind how people have their own business industrial manufacturing space in the city. Costs are absurdly expensive.
The best decision I have found is to buy a home, but it is massive debt. Should I lock myself in mortgage payments so I can freely run my business in it. This is obviously better than having a separate office space. Honestly fee like those are a big waste of money.
The lowest cost homes in this area are like 150k. So few I can count them on my fingers. Should I just buy a mobile home? They run like 70k. But then again a mobile home does not appreciate. Although not my main goal, if I'm putting this much money down might as well get something that appreciates.
The benefit of buying a home is that over the long run, it seems it will be cheaper to own (plus I need control). But in my state, property taxes high as hell. Even paying off house it looks like I will be paying $500/month in property tax...
But if I spend money on the home, I will not have enough money for the machinery. Machines I need are going to run 1k, 3k, and then like 5k. Got a lot of costs coming.
Another risk is ensuring I will actually stay here. My dream is to eventually be either in Dallas, TX, New York, or San Diego, CA. If I settle down now, I will really be paying the price in moving costs with the machinery.
Actually blows my mind how people have their own business industrial manufacturing space in the city. Costs are absurdly expensive.
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