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Discussion in 'Business Forum' started by lcarreau, Apr 12, 2006.
A commercial Real Estate Appraiser told me a couple of years ago that the most lucrative private investor properties to own are coin operated car washes and trailer parks.
He said with the car washes, you have to empty the cash out of the machines everyday though just like a paper route.
He has looked at lots of properties/incomes over the years.
As for the trailer parks, you have to have a good-tough manager and lots of restrictions that you have to enforce. This keeps out the vermin.
Does such a thing exist? I actually kinda doubt it. If it's a desirable low risk business, then adequate competition will exist to make it low margin.
I like Str8Shooter's ideas except I doubt most people would consider car washes to be low risk. Most people finance them to death because they cost so much to start. They can be derailed easily by road construction, newer one going in next door, etc. I think I'd consider opening one of these, but only if I could do it with cash.
I believe self-storage places needs a very low occupancy rate to break-even. However, still a good amount of risk involved, similar to the car wash example already cited.
I personally like real estate. There are just so many ways to make money.
A strip club fits your requirements nicely.
I'll have to agree with the strip club idea. They're a guaranteed money maker if you have a little bit of common sense.
I would imagine that insurance costs are high though!
Drive-through Latte stand, at least anywhere on the Left Coast...
Car washes, and storage places, are not easy businesses. Large investment, lots of problems. But all businesses are troublesome.
Try a service business: collection agency, accounting business, mfg. rep. for any product you like, sales (which is the highest paid business there is if you're willing to study it and learn.)
These are all over where I live in the Kalispell, Montana area.
CarWash and Storage
Sad, but true,
running a string of call girls specializing in government officials.
criminy i had no IDEA they paid so much, it's SILLY to ignore opportunity like that..
and apparently it's covered under government health insurance too? i mean, a guy could start a franchise... Ma John's Escort Enterprise, Inc. I can think of several catchy phrases for slogans..
If your city is growing in a particular direction...go beyond the pricey property and buy a likely piece of dirt. Set up a Golf Driving Range (low initial cost). All you want is the profit to cover the monthy payment, that's all. As the city gets closer, your dirt gets worth more money in a hurry. Then sell the property at the right margin & move the operation (you've already bought & paid for the equipment) further out along the same growth path. I have a pal in Houston who did it, the same thing, about seven times times and he's now my wealthy pal. I guess the same thing would work with a Gun Range, but the start-up costs & liability issues costs MUCH more. Good Luck!
I'd love to open a gun shop, but not sure if I could make it profitable enough right away to cover the overhead...
A very wise (and experienced) Gunshop owner once told me...the way to end up with a small fortune in the retail gun business...is to start-out with a LARGE fortune.
How true! Most gun owners I know (myself included) are about the most market-wise group of folks around... Then again, I refuse to pay retail price for anything if I can help it
For any computer nerd... digital forensics examiner.
Low overhead business... initial investment of about $10,000 in equipment, software and training. No office needed; work at client locations.
High income... $125-$175 per hour.
Market... Coporate crime, stalkers, harassers and sexual criminals. Most of the work comes from law firms.
I thought about this for a little while and what comes to mind (to me) is a quality, hand-made custom product.
If you check with people who hand make wood grips and leather holsters, many of the top people have backlogs of several months or more.
It would not have to be a firearms related product. I'm sure there are other examples of people hand making products with similar backlogs.
The top gunsmiths don't seem to have any problem finding work. I would, however, be concerned with the risk. If you mess it up, you've bought it.