[BMW F22]

Originally Posted by PoorLurker

@OP what does good investment look like? Sit there and make $50k/yr passively? $250k/yr working it?

Prefer for it to be passive. Don't have a lot of time to manage something every day. Crazy story about your friend. I guess everything has its down side.

[bimmer456]

Originally Posted by BMW F22

Prefer for it to be passive. Don't have a lot of time to manage something every day. Crazy story about your friend. I guess everything has its down side.

I like passive income too. I also have a day job, so my stock markets earnings are icing on the cake. There are many days my "passive income" actually well exceeds my income at my day job. Which is why I don't have the word's highest paying job, I intend to generate most of my wealth through investing in the future. The day job is something to do during the day and is a steady and more stable income. I use it for day to day expenses. It also comes with decent benefits, stuff I don't have to pay for out of pocket.

[ASBSECU E93]

OP - buy a car wash. Open 24/7 and makes money all year round....

Or better yet - a parking deck. I financed a parking deck for a R/E developer on a vacant lot in Charlotte, NC and this thing made so much cash....

He'd rent the spaces out daily from 7:00 AM to 5:00 PM - then rent to long term parking at night for folks that worked in the city M-F or lived in condos downtown...

362 spaces turning on average $40 daily, plus the LTP....I loaned him $4mm to acquire this property and it covered the debt at 2:1!!

[BMW F22]

Originally Posted by ASBSECU E93

OP - buy a car wash. Open 24/7 and makes money all year round....

Or better yet - a parking deck. I financed a parking deck for a R/E developer on a vacant lot in Charlotte, NC and this thing made so much cash....

He'd rent the spaces out daily from 7:00 AM to 5:00 PM - then rent to long term parking at night for folks that worked in the city M-F or lived in condos downtown...

362 spaces turning on average $40 daily, plus the LTP....I loaned him $4mm to acquire this property and it covered the debt at 2:1!!

Funny you mentioned that. IMO parking lots are one of the most profitable businesses as it doesn't require much upkeep. Main issue is that land around here costs a fortune. Anywhere that has a lot of traffic would cost an insane amount of money in the Bay Area.

[ASBSECU E93]

That deck was underground - and built to support 35 floors above the deck. The original plan was to build the deck and condos - then the R/E crash hit and the project stopped.

My borrower bought this out of foreclosure and proceeded to sell the air right to a dual flagged hotel.

Smart enough to retain ownership of the parking deck (Condo deceleration) so they could lease the deck back to the Hotel developer....

[capo180]

I'd like to do a car wash one day myself. Just need a lot of capital which I don't have. Just stashing everything in stocks right now until hopefully one day I'll find something to get me out of the rat race.

[PoorLurker]

Ok - an hour later I am back from looking at all of these different businesses.

You guys ever drive by a furniture store and know that it will be gone in a couple years only to see that idea come to fruition. Then, another furniture store pops up in the same place and the process repeats itself.

Do these business owners make money, dump it, and invest in other things, or are these small businesses closing down showing that people had a bad idea and are suffering?

Sometimes, I can't believe people open up some businesses that they invest in.

ok back to looking at more businesses for sale.

[PoorLurker]

You'd be nuts to pass this up

https://www.bizbuysell.com/Start-Up-...ZCR2x5UFRFJTNk

Guaranteed yearly ROI!

[shoei]

Originally Posted by PoorLurker

Ok - an hour later I am back from looking at all of these different businesses.

You guys ever drive by a furniture store and know that it will be gone in a couple years only to see that idea come to fruition. Then, another furniture store pops up in the same place and the process repeats itself.

Do these business owners make money, dump it, and invest in other things, or are these small businesses closing down showing that people had a bad idea and are suffering?

Sometimes, I can't believe people open up some businesses that they invest in.

ok back to looking at more businesses for sale.

There's actually a simple explanation behind it...

Money laundering...