(Watch the YouTube video of this episode HERE)
In this episode, we delve into an intriguing real estate investment opportunity – a former roller rink. Located just north of Corvallis, OR, and boasting a substantial 12,800 square feet of space across two floors, this property sits on 1.3 acres along Highway 99. Despite its current dilapidated state, we’re excited by the potential for creative transformation. We explore various future uses for the site, from reviving it as a roller rink and transforming it into a gym or maker space, to more unique ideas like a wedding venue. The discussion also touches on the broader aspects of real estate investment, including the limitations of residential properties and the advantages of commercial and mixed-use properties for generating income and adding value.
// Timestamps
00:00 Welcome to the Furlo Capital Real Estate Podcast!
00:58 Exploring the Potential of an Abandoned Roller Rink
06:11 Brainstorming Creative Uses for the Roller Rink
12:20 Diving Into Real Estate Investment Strategies
// Key Points
- Brainstorming Potential Uses: The conversation explores a wide array of potential uses for the property, from maintaining its original purpose to transforming it into a maker space, gym, or even a wedding venue, showcasing the diverse possibilities that real estate offers.
- Challenges and Considerations: They address challenges such as contacting the selling agent and considerations like the property's lack of insulation, showcasing the realistic aspects of dealing with real estate investments.
- Reflective and Forward-Thinking Approach: James reflects on the limitations and opportunities of real estate investments compared to other business ventures, hinting at strategic thinking and planning for future investments.
// Let's build your wealth and improve housing, together.
I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give others the opportunity to partner with us and experience the joy of building wealth while helping to provide housing.
Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights. https://furlo.com/
// Disclaimer
Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.
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