| jd4930 - 1/20/2025 19:56
So, in all seriousness, since you haven't replied yet. If what you have is that desirable, valuable and saleable why can you not take that to a lender and get something done?
Reality is I now have no reliable income and very little cash. I am very reasonable and even I would not take the money if they offered it because that is more bills. But it is something I am pondering. Reality is investors come in with a slick hand, but if anything goes wrong, they take it all. That's exactly why any MFG biz in a leased space is stupid. Landlord takes all your stuff. Remember that interested rates also went on a 'run', but are now coming back to reality. My goal was to NOT have more debt! I was going to own all my equipment and building outright, giving me some mental freedom.
But I do have real equity in my land. I still have a loan on it, but I pay as I should and it's worth at least 4x what I owe. To be very honest, I probably need to look harder at this. I mostly walked away from all of it because inflation, interest rates, and building materials were not just high, they were going up daily and I cannot build a budget around that!
The way I 'had' things designed, it's only 6000sf. That might seem like a lot for some, but you have to think about a semi pulling into a building with a massive forklift to offload heavy iron. The way I designed this is once I exceed the need for 6000sf, I can probably consider a purpose built shop a shared space for living. Convert old building as "success happened".
What I didn't like with a loan is I have that payment risk as I start up again, which will be a huge challenge. I know, without question, it would take me 6mo, 7 day weeks, just to get things online. You can't just plug a machine in and make parts. It doesn't work that way. Well it does when you can buy new equipment, but..... |
Personal...."go fund me"...I need to fix my path.
