Jman, it seems that our lives are alot alike... i have about that much ready cash and own my own convenience store as well.. im always trying to find a way to liquidate all my assets and make a living (without a job)..
I own a commercial lot and am going to build 2 duplexes on it, starting the first one in a few weeks.. Im debating of whether to pay for it completely or finace a part or all of it.. The duplex will be brick and about 1040 sq ft per unit, 2 bedroom and 1 bath.. My twist to it -- is to build 4 small storage units on the property as well and throw them in, with the duplex.. jacking up the rent of course.....
I hope you get some good responses in this thread, as it is of interest to me..
I own a commercial lot and am going to build 2 duplexes on it, starting the first one in a few weeks.. Im debating of whether to pay for it completely or finace a part or all of it.. The duplex will be brick and about 1040 sq ft per unit, 2 bedroom and 1 bath.. My twist to it -- is to build 4 small storage units on the property as well and throw them in, with the duplex.. jacking up the rent of course.....
I hope you get some good responses in this thread, as it is of interest to me..
I didn`t say who it was (wink)
Its actually a realistic scenario, I 'know a guy' (wink) he has a nice business, he makes really good money with BUT, (and here is where the problem lies) it may have an end to it in about 2-3 years....I am not sure what kind of future, I , I mean 'he' knows it will go strong for the next 3 years, after that though 'he' isn`t sure...Its really strong for the time being...Its somewhat of a novelty, you may say, and that is the only problem lol..Hell it may last 10 years but 'he' can`t be sure, 'he' does know he will have a nice nestegg though..'He' is a gambler too, 'He`s' a good guy BTW!
Its actually a realistic scenario, I 'know a guy' (wink) he has a nice business, he makes really good money with BUT, (and here is where the problem lies) it may have an end to it in about 2-3 years....I am not sure what kind of future, I , I mean 'he' knows it will go strong for the next 3 years, after that though 'he' isn`t sure...Its really strong for the time being...Its somewhat of a novelty, you may say, and that is the only problem lol..Hell it may last 10 years but 'he' can`t be sure, 'he' does know he will have a nice nestegg though..'He' is a gambler too, 'He`s' a good guy BTW!
j-man you're right. bonus whoring, scalping and middling onthe net will be gone in the next 2-3 years......better start hitting the bonuses!!
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Journeyman:
I didn`t say who it was (wink)
Its actually a realistic scenario, I 'know a guy' (wink) he has a nice business, he makes really good money with BUT, (and here is where the problem lies) it may have an end to it in about 2-3 years....I am not sure what kind of future, I , I mean 'he' knows it will go strong for the next 3 years, after that though 'he' isn`t sure...Its really strong for the time being...Its somewhat of a novelty, you may say, and that is the only problem lol..Hell it may last 10 years but 'he' can`t be sure, 'he' does know he will have a nice nestegg though..'He' is a gambler too, 'He`s' a good guy BTW!<HR></BLOCKQUOTE>
[This message was edited by bigbet1234 on June 08, 2004 at 06:25 PM.]
I didn`t say who it was (wink)
Its actually a realistic scenario, I 'know a guy' (wink) he has a nice business, he makes really good money with BUT, (and here is where the problem lies) it may have an end to it in about 2-3 years....I am not sure what kind of future, I , I mean 'he' knows it will go strong for the next 3 years, after that though 'he' isn`t sure...Its really strong for the time being...Its somewhat of a novelty, you may say, and that is the only problem lol..Hell it may last 10 years but 'he' can`t be sure, 'he' does know he will have a nice nestegg though..'He' is a gambler too, 'He`s' a good guy BTW!<HR></BLOCKQUOTE>
[This message was edited by bigbet1234 on June 08, 2004 at 06:25 PM.]
SSI, what state is this??<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by SSI:
jman, i can build the little brick duplexes for 67k each.. going to build 2 of them (4 units) --- rent for about $475 per month.. should bring in $1900 per month.. real estate seems the way to go...<HR></BLOCKQUOTE>
jman, i can build the little brick duplexes for 67k each.. going to build 2 of them (4 units) --- rent for about $475 per month.. should bring in $1900 per month.. real estate seems the way to go...<HR></BLOCKQUOTE>
how about putting aside 30k of those 200k, put the rest in the bank or a CD or something and travel all over the USA or Canada or Europe, something like that
After five years in the same job I surely do need a break badddddddddddddddd
If he can he should take the opportunity to enjoy some of that $
After five years in the same job I surely do need a break badddddddddddddddd
If he can he should take the opportunity to enjoy some of that $
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>SSI
CERTIFIABLY CRAZY
posted June 08, 2004 05:36 PM
jman, i can build the little brick duplexes for 67k each.. going to build 2 of them (4 units) --- rent for about $475 per month.. should bring in $1900 per month.. real estate seems the way to go... <HR></BLOCKQUOTE>
475 a month? hook me up. I am paying 1053 a month for a 2 bedroom 1 bathroom apt.
Where are you located SSI.
CERTIFIABLY CRAZY
posted June 08, 2004 05:36 PM
jman, i can build the little brick duplexes for 67k each.. going to build 2 of them (4 units) --- rent for about $475 per month.. should bring in $1900 per month.. real estate seems the way to go... <HR></BLOCKQUOTE>
475 a month? hook me up. I am paying 1053 a month for a 2 bedroom 1 bathroom apt.
Where are you located SSI.
