Episode Overview

Exploring 10 unique live/work properties under $200K with at least 3,000 square feet
All properties include existing living space with bedroom and bathroom for move-in readiness
Properties range from 3,000 to 40,000 square feet with one under $100K
Perfect for entrepreneurs wanting substantial workspace beyond typical home office setups

Why Live/Work Properties Matter

Work-from-home trend creating demand for more substantial business spaces
Ideal for video studios, light manufacturing, baking, artwork, and other businesses
Success story: California furniture maker bought Pennsylvania car dealership for $100-150K
- Converted upstairs office to residence
- Used showroom for finished furniture display
- Workshop in former service department
- Increased sales from $5-6K monthly to couple million annually

Featured Properties

Property 1: Brick Building - 6,400 sq ft

4 bedrooms, 2 bathrooms
Unique woodwork and multiple floors
Ideal for video studio or inventory storage
Former school, hospital, or church building

Property 2: Baker City, Oregon - $189K

3,600 sq ft building space on 5,000 sq ft lot
2 bedrooms, 2 bathrooms
Retail storefront with back porch living space
Mixed-use: residential upstairs, commercial main level

Property 3: Fort Scott, Kansas - $169K

6,400 sq ft retail space
2 bedrooms, 1.5 bathrooms
Kitchen, residential area, and workshop space
Perfect for light manufacturing and assembly

Property 4: Roundup, Montana - $175K

5,400 sq ft building
Large residential kitchen and manufacturing space
Central Montana location

Property 5: Cisco, Georgia - $125K

9,860 sq ft former schoolhouse
5 bedrooms, 1.5 bathrooms
Needs renovation but offers huge potential
Southeastern Georgia location

Property 6: Hornell, New York - $149K

Former church or school with unique open space
Residential space included with large bathroom
Perfect for video studio or inventory storage
Central New York location

Property 7: Boulevard, Pennsylvania - $50K

5,000 sq ft building on 30,000 sq ft lot (3/4 acre)
2 bedrooms, 2 bathrooms
Former church or meeting hall
Updated electrical, newer oil furnace, 200 amp service

Property 8: Glens Falls, New York

4,400 sq ft former church
Studio, 1 bathroom
High ceilings perfect for tall structures
Unique architectural features

Property 9: Iowa - $199K (Featured Property)

Massive 40,000 sq ft former school
Kitchen, bedroom, big garage, and cargo area
Ultimate space for large-scale operations

Key Benefits of Live/Work Properties

Eliminate commercial rent expenses by owning your workspace
Reduce personal housing costs by living on-property
Scale business operations without massive mortgage payments
Leapfrog competition with lower overhead costs
Potential for significant business growth in expanded space

Investment Strategy Tips

Look for former schools, hospitals, churches, and airplane hangars
Verify zoning regulations for intended business use
Consider properties needing light renovation for better deals
Factor in utility updates and maintenance costs
Evaluate location for business needs and lifestyle preferences

Takeaway

These properties represent opportunities for creative, ambitious entrepreneurs to combine living and working spaces affordably, enabling business growth without the burden of high commercial rent or massive mortgages.

Hidden Gems: How to Find Live/Work Properties Under $200K That Actually Cash Flow