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14 February 2018, 11:51 AM | #1 |
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Where to invest?
Getting ready to semi-retire. Selling my businesses, and celebrating being debt free.
After investing the lump sum to collect a “living” off of, I want to invest in a hobby/something fun, and something waaaay slower than what I’ve been doing for the last 28 years. I’m not ready to just pass my days playing golf, etc.... So I’d like to invest in something that is, or can be an absentee owner, or home-based type business. Between 250-400K Any ideas are welcome. Thanks, as always. |
14 February 2018, 11:56 AM | #2 |
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When you find that 250-400K let me know too. I am also ready to retire and get rich.
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14 February 2018, 11:58 AM | #3 |
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Subscribed.
I truly love your watch collection. I’m a few behind. Best of luck in retirement! |
14 February 2018, 12:02 PM | #4 |
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Rental properties in Florida :)
70-80K investment gets you $1k per month, thats after management company costs.
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14 February 2018, 12:04 PM | #5 |
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You’re my idol Richard!!!!
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14 February 2018, 12:06 PM | #6 | |
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Quote:
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14 February 2018, 12:18 PM | #7 | ||
2024 ROLEX DATEJUST41 Pledge Member
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Quote:
Quote:
Restaurants |
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14 February 2018, 12:21 PM | #8 |
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14 February 2018, 12:21 PM | #9 |
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I’ve been over and over that idea...I’ve yet to find 1K per month on 70-80K investment after mgmt fee, taxes, repairs, etc... Please direct me to where. I’ve found buying houses 115-135K, can net around 700-800 per month, after figuring in mgmt fee, taxes, repair fund, vacancy rate.....etc
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14 February 2018, 12:21 PM | #10 |
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14 February 2018, 12:33 PM | #11 |
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14 February 2018, 01:22 PM | #12 |
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Become a "Monsurier" by developing a good little black book of high networth customers and provide specific services requested. Ha! Ha!
Best of luck... I have known ideal what to do in retirement either. I'm following this post!
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14 February 2018, 02:20 PM | #13 | |
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What part of FL? Sent from my iPhone using Tapatalk |
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14 February 2018, 02:29 PM | #14 |
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Well you’re in the right place, and soon the right time for the inevitable scare for the 2018 Zika season.
I suggest investing in Area Development with Mosquito Joe’s. Or just nail down 3 territories near you. There’s unlimited supply in the problem department, and too few feet on the ground to solve it. Sent from my iPhoneX using Tapatalk
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14 February 2018, 03:48 PM | #15 |
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Put up a Budget/Avis rent a car great Roi. If I was not so busy I would be doing that now.
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14 February 2018, 08:49 PM | #16 | |
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SWest
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Definitely haven’t looked into this...will do. Thank you |
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14 February 2018, 11:31 PM | #17 |
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The right car wash could be a great investment. I bought my first with $200K down and netted a solid 35% COC. I still own it and spend about 3 hours a week there.
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14 February 2018, 11:49 PM | #18 | |
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Your comment makes me want to pick up that stick again and see if I can make it happen.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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14 February 2018, 11:52 PM | #19 |
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15 February 2018, 12:00 AM | #20 | |
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15 February 2018, 12:02 AM | #21 | |
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15 February 2018, 12:04 AM | #22 | ||
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Quote:
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*MonBk. Weather being cold or too seasonal isn’t an issue here, but I know that’s always a car wash concern up north. |
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15 February 2018, 12:06 AM | #23 |
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15 February 2018, 12:11 AM | #24 |
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15 February 2018, 12:13 AM | #25 | |
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I look for houses in the Ybor area of Tampa, FL. Because in my personal views it's up and coming.
Just yesterday I put under contract a house for $73k, 3bed 1 bath, 800 sqft, made of brick that looks great from the inside & out. It should make roughly $1100 pre-tax and pre-management fees. I pay 8% monthly management fee. Honestly, I don't care if it makes 9% instead of 12% or 15% ROI. I pay cash and my objective is to generate passive income in the short term from about 10 properties and in the long term to enjoy their appreciation. Quote:
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15 February 2018, 12:18 AM | #26 | |
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But then she can go to work shoveling that snow... Sent from my iPhoneX using Tapatalk
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Does anyone really know what time it is? |
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15 February 2018, 12:22 AM | #27 | |
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15 February 2018, 12:32 AM | #28 |
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No realtor, I search for stuff by myself.
This is going to be my second property. The first is rented for $1200 for a couple months now.
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Time is the only thing standing between me and the throne ♛ |
15 February 2018, 12:36 AM | #29 |
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15 February 2018, 12:38 AM | #30 |
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Are those short term ?
I was considering buying houses in central areas in Tampa and making them AirBNB, ROI will be much higher but will require more of my involvement which I can not put at the time.
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Time is the only thing standing between me and the throne ♛ |
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