I had my fair share of those But I moved on from that that my day job paid me well enough for me to focus on how to deploy those capitals. Knowing what I know about software and pace of change, I rather want to invest in business that has physical things in people daily life I saw on reddit that someone posted about buying some software related business too.
Yes, in most campuses - by campus i mean āgroups of buildingsā. Like Main campus has 1 laundry facility, another group of buildings would have another. DEpends on density etc.
I used to go on Craigslistās business for sale section for ideas. Pretty fun.
For software/internet businesses there is a pretty respected site. I can look it up.
This is not a good argument
Another idea is vending machines. There are routes for sale on CL.
I watch Shark Tank for ideasā¦
I think these simpler ideas are way oversaturated, not sure if thereās much to be done.
Buy a tire shop, if you can find one. Always has demand.
For example.
I mean plenty of theseā¦
Key is: absentee. I donāt know how to evaluate any of this, though, so mostly browsing.
Most brick and mortar businesses I looked at have a PE of around 2. So the FedEx one is right in there. Yeah, itās really that cheap.
But managing 14 people is it really hands free?
āManagingā This is exactly what that person said. When we asked how come he was interested in these he said āmanaging is something i do best, and thatās the best way to generate incomeā. That person already sold 3 startups (not homeruns, but nothing to cough on either), and he will be retiring at google, but heās kicking alright!
For my education, how much cashflow should this translate to? It says 565K roughly, but is that also take home pay? (super noob here).
Itās better than working for someone, i guess, and you can expand.
The way I understand is (definitely not an expert there) EBITDA is something similar to CAP rate in Real Estate where it doesnāt care about your financing and tax situation. So, yes.
well, i guess this started taking my interest again - i was getting really bogged down with my primary home purchase, but once thatās done, i should go back
Better yet is if you can buy this in a ROTH IRA (my roth is not that big yet).
But you can pay into your 401k to shelter taxes!
Buying a home should be an entertaining process, not tortureā¦
That is the unique income stream for you @manch. I donāt mind to see more highly targeted ad to me here in addition to Facebook
Entrepreneur magazine ranks the top franchises every year in different categories. I donāt see how you can successfully run one while working a demanding tech job though. You could invest with someone else as a partner where they run it. That takes a lot of trust. They need enough ownership interest that they donāt quit on you.