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MetalliMyers
Administrator
A Pompous Ass
Location: LV-426
Joined: 3/12/2009
Post Count: 1723
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Date Posted: 2/21/2010 5:57:16 PM Subject: Buy a building in East Liverpool
There are a ton of old buildings in East Liverpool that have 3-4 floors plus a basement. These building are very cheap because entrepreneurs don't want to update the plumbing, electricity, elevators, floors, etc. I believe you can pick up one of these building for like $40k.
My idea is we buy one of these buildings and renovate it to have an apartment on each floor. We make these apartments somewhat "high class" so they will draw a decent rent. We put in a nice elevator in which each stop is someone's apartment.
Something like this:
Some of the problems with this idea are funding and the demand for high rent apartments. I think this would be a good middle ground for someone who doesn't want to buy a house but also doesn't want to rent a smaller standard apartment. There would even be the possibility of selling each apartment.
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MuffDiver
Level 4 Wizard
A fine young Italian (mostly Irish) American
Location:
Joined: 3/14/2009
Post Count: 847
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Date Posted: 2/22/2010 1:35:07 AM Subject:
You must have been drunk or full of hate to think of this idea. wanting people to needlessly spend time in East Liverpool.
i'm so bored that death might be exciting
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MetalliMyers
Administrator
A Pompous Ass
Location: LV-426
Joined: 3/12/2009
Post Count: 1723
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Date Posted: 2/22/2010 8:29:19 AM Subject:
Maybe we can drive out all the denizens and annex it to Chester.
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edwedgewood
Master Wizard
I <3 wizards in general
Location: Parts Unknown
Joined: 3/14/2009
Post Count: 1142
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Date Posted: 2/22/2010 11:31:56 AM Subject:
I like this; if by chance the city would happen to drive any new business into the town I would not hesitate to invest in this idea. Thats a huge if though.
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joshuashane
Level 3 Wizard
Overall Bet Welcher
Location: Unemployment Line or Your Mom's House
Joined: 3/13/2009
Post Count: 343
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Date Posted: 2/22/2010 6:48:49 PM Subject:
I like the idea of buying commercial property, not so much turning it into studio apartments. Buying real estate is rarely a bad investment, even in east liverpool.
Post Edited on 2/22/2010 6:50:33 PM
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