Quote:
Originally Posted by Patt
I am inheriting property in sulphur on hwy 90 across from frasch park. I am wanting to put either an ice machine or a duplex on the property it is 1 acre. I am leaning more toward the ice machine because of the location and costs and the tournaments at frasch would be a big income on the ice machine I believe. With a duplex I could take advantage of the acre and be able to write them off for taxes but the railroad runs directly behind the property and would be a noise problem for renters. Any input is greatly appreciated
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1. People will not be entering Frasch park from Hwy 90.
2. People will not cross 90 for ice unless you have a Big Azz neon sign to advertise you have the coldest ice in Sulphur (non melting that is).
3. Don't expect any bank to front $$$ for any commercial venture on the north side of hwy 90 unless you are all IN.
4. Have you looked at any of the other so-called apartments east of your location?
5. Best bet at that location would be Crack/Meth vending machines since the vast majority of it is made locally.
Choose wisely, this investment could actually be detrimental to your long term financial goals.