rad, max. you seem to know a thing or two about group financing. but for more info I bet you could get advice on group purchasing from this crew who is starting a community nexus in north oakland. check them out: https://www.facebook.com/theomniproject . they recently acquired a huge lot on shattuck behind creative reuse! i can put you in touch with one of the founding members if you like! -dw On Fri, Sep 27, 2013 at 1:57 PM, Max Klein <isalix(a)gmail.com> wrote: > Hello All, > > ==What?== > There is a church that has gone bankrupt, and their property is for > sale. > > 2439 Adeline Street > Oakland, CA 94607 > > The appraisal value is $500k, but it is not on the market yet. > (Appraisal pdf attached). So my feeling is that we can make an offer for > somewhere around $400k if we organize quickly. > > There are some pictures in the appraisal PDF. > > I have set up an appointment to View the church at 8pm on Tuesday 1st > October. I'm inviting you to come see if you want. > > ==Communal Buying== > There are several ways to buy the property. I am intrigued by a > multi-buyer shared-equity approach. Where everybody that pays not > necessarily equal amounts, owns equity in not necessarily equal amounts. > > There has also been an offer of lender financing if we put $178k down. > > I am open to creative solutions. > > ==Potential Uses== > Currently it is zoned "CIX" commercial-industrial mix. That means that > officially you can only use one-third of the space for living. If we were > to get a mortgage we would need a business license. Of course thought once > you own it, there isn't zoning police that check what you do with it. > > So we could make this into housing, hostel, a venue, keep it a church, > have a tiny house village on the back bit. > > Again I am open to creative solutions. > > ==Get in touch== > If you want to come to the viewing, please email or call me > (7074787023). > > _______________________________________________ > spaghettinight mailing list > spaghettinight(a)tentacle.net > Rabbit administers this list; email them at rabbitface(a)gmail.com if > you have questions > To unsubscribe send an email to spaghettinight-leave(a)tentacle.net > https://tentacle.net/mailman/listinfo/spaghettinight > _______________________________________________ spaghettinight mailing list spaghettinight(a)tentacle.net Rabbit administers this list; email them at rabbitface(a)gmail.com if you have questions To unsubscribe send an email to spaghettinight-leave(a)tentacle.net https://tentacle.net/mailman/listinfo/spaghettinight