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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum! |
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#21
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#22
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Make due when i deposit my 1.75 it plays "ice ice baby" like the one in Jasper. Best bang for your buck.
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#23
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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. |
#24
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It's definitely not my ideal location but its free and I don't want it to go to waste
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#25
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Drive through liquor and cigs!!! Thank me later
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#26
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Genius!!!!!!!!!!!!!!!!!!!!
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#27
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check cashing
Do check cashing. I knew someone who had one in Abbeville and made a mint cashing checks and selling Liquor.
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#28
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#29
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#30
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Literally your best option. Played at trash... I mean Frasch the other day. Forgot all the hootchies over there. No need for ice when they drink Forties
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#31
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if it was free and want to make money. sell the lot
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#32
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#33
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In that area? I say buy an older trailer and rent it or just sell the property.
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#34
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#35
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Used tire store?
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#36
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Raymond, already a used tire store 2 lots over. Maybe an Old Milwaukee Outlet store? Or bail bondsman office?
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#37
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Buy an old mobile home for cheap. Put $1500 into it and do rent to own. Get your $1500 back on down payment and rent to own say for $15,000 at 15% interest. It's rent to own so you are not responsible for any repairs or fixes. Most of the people you will be dealing with most likely will have bad credit. So that's the only route they can go until they get approved for something better. Chances are you won't have anyone stay much longer than a year then you repeat the same steps again. That way you're not renting it, they are buying it and you don't have the headache of goin in and making repairs all of the time. And believe me it will stay booked. Always someone looking for a place to live.
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#38
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#39
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Patt, here is an idea that is zero effort, secure, and profitable. Find a commercial realtor. Partner with a property developer. Sell the lot with owner financing. Example. $50,000 at 10% x ten year simple loan = $660.75 per month. When the last 120th payment is made you $79,290 total on a 50k sale. Each year you would realize $7,929 of income. If your age is less than 50 years old, you can put $5,500 of that money in a traditional IRA and not pay taxes on it. Or better yet, put it in a Roth IRA and use the difference to pay the tax up front. (the beauty of the Roth is that your withdrawals are then tax free) If you then took the IRA money and bought a dividend stock (like McDonald's stock) and reinvested the dividends, you'd be making another 5 K a year after another 10 years in dividend income. So you basically make 10% on your money per year almost 100% tax free, then have a lifetime of dividend income after that, and don't have to sweat a thing. If the developer defaults, your loan is in first position. If the complex is sold, you get paid first.
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#40
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Patt, the high advantages of the above idea are: 1.) you avoid the huge tax hit of selling the property in a lump sum 2.) you turn the property from a net income loser (you have to pay property taxes), into a life long income producer. 3.) it makes the money passively, your time in then spent making money in other ways.
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