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15 February 2018, 12:43 AM | #31 |
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dont forget the hobby/something fun part!
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15 February 2018, 12:57 AM | #32 |
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The cabin rentals are short term...usually 2-3 night minimum, typically they’ll rent weekly. But 250-350 per night, depending on location, #of bedrooms, etc...
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15 February 2018, 12:58 AM | #33 |
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15 February 2018, 01:42 AM | #34 |
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i dont think anything i would advise you would full fill your hobby fun part other than 50k into cryptocurrency (btc/ltc/eth).
if it is mass adopted that will be quite a large sum in 10 years. a lot of good investments require little work with no fun or lots of work with lots of fun. it doesnt go any other way. you could pick up poker if you are decent at math. it is fun and kills lots of time.
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15 February 2018, 02:02 AM | #35 |
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I have lots of knowledge about Northeast Ga Mountains. I live right in the heart of them. I could possibly help.
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15 February 2018, 02:58 AM | #36 |
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15 February 2018, 05:40 AM | #37 |
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Have you considered franchising? There are hundreds to choose from. Many are semi-absentee business owner based models.
I became a Sport Clips Haircuts Franchisee about 5 years ago. We have 4 stores and so far so good. It is a descent amount of work, especially since it's not my day job. But I think long term it will be a worthwhile investment.
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15 February 2018, 06:19 AM | #38 | |
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Quote:
For your lower requirements, that will get you into a Self Service type wash. Self Service segment is declining due to the arrival of express exteriors, but in certain markets, it still does well. Places where people still need to clean their "toys" - ATV's, UTV's, RV's, big trucks, Boats. etc. What's nice about self service is the labor costs are much lower, and it's a much simpler operation to run. I'd also consider Self Storage. Its pretty clean operation but it's becoming oversaturated. Plus, during economic downturns, like the wash industry, people curtail their discretionary spending. |
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15 February 2018, 07:32 AM | #39 | ||
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Quote:
Quote:
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15 February 2018, 12:18 PM | #40 | |
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Great Clips is everywhere. They are our biggest competition. But we are quickly taking away a huge part of their market share. Sent from my iPhone using Tapatalk
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15 February 2018, 12:40 PM | #41 |
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16 February 2018, 01:14 AM | #42 |
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16 February 2018, 01:18 AM | #43 |
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Are you close to a source of lumber? If so, pallets! Equipment to produce them is not a huge investment and every business and shipper needs them. Heck my small business buys 80,000 pallets each summer.
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16 February 2018, 04:28 AM | #44 | |
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16 February 2018, 07:24 AM | #45 |
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16 February 2018, 09:41 AM | #46 | |
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My company actually designs and builds distribution centers. We put in tens thousands of pallet locations a year. Might be something I should look at...
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16 February 2018, 09:57 AM | #47 |
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16 February 2018, 11:12 AM | #48 |
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16 February 2018, 11:31 AM | #49 |
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In our condo building, some owners have bought units to rent out.
You have to crunch the numbers to make sure you make a profit. And sometimes a bad tenant will cause you to get fined. But there is a housing shortage in San Diego, so the delta is pretty decent. |
16 February 2018, 11:42 AM | #50 |
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thank you !
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16 February 2018, 01:44 PM | #51 | |
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There are actually two revenue streams - new and recycled. After you sell new pallets, you go and buy them back at almost nothing (most customers want someone to get rid of them because the pile up quickly if you bring in a lot of product) and resell as recycled pallets. So you can cover more price conscious customers as well - segment the market with several different grades of recycled pallets. |
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16 February 2018, 01:55 PM | #52 | |
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Brilliant idea!
Quote:
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17 February 2018, 02:11 AM | #53 | |
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17 February 2018, 02:22 AM | #54 | |
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A family friend owns a few Pretzel franchises. Cash Cow.
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17 February 2018, 04:41 AM | #55 | |
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Nice idea
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23 March 2018, 07:53 PM | #56 |
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Happy for you Richard!
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24 March 2018, 05:07 AM | #57 |
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Richard, you may want to talk to a good commercial real estate broker. If you are able to find something with solid leases in place and in decent condition you can generate some nice income.
You should also let your CPA know you are looking for a good opportunity. They may have clients who are selling their business. Best of luck!! |
3 April 2018, 04:14 AM | #58 |
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Buying a property is generally a great investment. It can generate an ongoing passive income, and it can prove to be a good long-term investment if its value increases exponentially over time. One of my friends bought villa turkey for sale in Bodrum a few years ago through Turkey Homes company. They have a head office in London. Now he leases this house to holiday-makers and short term visitors.
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