I know a couple folks have batted around this sort of idea. I am a huge fan of the concept. I spend a fair bit of time looking at real estate, and I found a building that re-ignited the idea for me. A 3 story building in the Fort Washington neighborhood of Cincinnati- former convenience store on the ground floor, 6 apartments above- $58k. Would have needed to be taken to the studs and rebuilt, new wiring/plumbing, etc. A big job, but one that could be spread over time and many helping hands.

The specific building is less important than the idea-

I would imagine you could follow any number of legal frameworks. Simplest being the coop or condo association model. Those can be run as a share of space,or time, or access. One wrinkle would be making sweat equity translate to ownership. Otherwise the people with financial means would just end up with a disproportionate share of ownership, and there would be no incentive for others to become involved.

So a couple off us buy a place. Maybe another person doesn't have a pile of cash, but can spend 3 days rewiring the basement and first floor. How do we figure out a way to translate that to access? Maybe the (in this example) ground floor venue is theirs for a week every year, and they can hold a festival, or art exhibit...Like a time share. Maybe the living space above is more like a condo? Thinking about this is almost as much fun as thinking about renovating a place.

cjury wrote: Fri Jun 18, 2021 1:22 am I found a building

You're not doing it right, you have to post a link to the listing.

Price just dropped to $39k.
https://www.trulia.com/p/oh/cincinnati/ ... l-mediaTab

cjury wrote: Fri Jun 18, 2021 11:52 pm Price just dropped to $39k.
https://www.trulia.com/p/oh/cincinnati/ ... l-mediaTab

OMG it’s beautiful. FWIW you can still find buildings like this in Chicago too. Maybe a lil more scratch. Also:

https://www.realtor.com/realestateandho ... oISR-0IHI8

turnbullac wrote: Sat Jun 19, 2021 12:36 pm https://www.realtor.com/realestateandho ... oISR-0IHI8

NOW you're talking!

The info on that page is hilarious -
2 bedrooms, but a 9 car garage?
2.5 bathrooms? How do you get half a bathroom?

Curry Pervert wrote: Sat Jun 19, 2021 2:09 pm

turnbullac wrote: Sat Jun 19, 2021 12:36 pm https://www.realtor.com/realestateandho ... oISR-0IHI8

NOW you're talking!

The info on that page is hilarious -
2 bedrooms, but a 9 car garage?
2.5 bathrooms? How do you get half a bathroom?

A toilet and sink with no shower/bathtub is a 1/2 bathroom.

Having been through all 53 pictures, I now declare that place to be f'kin AMAZEBALLS!

That courtyard could be a great space for putting on live shows, and there's lots of potential in that building.








BUY IT GUYS! MAKE THIS HAPPEN!

jason from volo wrote: Sat Jun 19, 2021 2:31 pm Just need to find $400k laying around.

Or team up with 9 other people who have $40k....or 99 people that have $4k....or any other number that fits.

I can't decide if looking at places at the much higher price point is better from a 'get started right way' sort of concept, or if a lower price place that will take some work is better.

My thinking is that a lower price does 2 things- 1) brings it more into the realm of possibility, cause honestly many of us could just buy that place in Cincinnati right now 2) it leaves space for sweat equity for folks who would want in, but don't have cash.

But, honestly, I'm down with either.