Do you have a side hustle?
01-22-2023, 05:37 PM
#81
Respek
Joined APC: Jul 2010
Posts: 2,604
I have a small car/airplane detailing business that got pretty busy during my Covid leave, I’d like to transition it into a bit more of a restoration service but it’s going to take quite a bit of capital before I can buy all the equipment.
03-05-2023, 03:09 PM
#82
Line Holder
Joined APC: Jan 2017
Posts: 27
Does anyone know how feasible starting an aircraft brokerage is? I'd love to someday get into RE rentals but just don't have anywhere near the capital I need. Seems like brokering aircraft is more of meeting the right people with little money required up front.
03-05-2023, 08:07 PM
#85
Gets Weekends Off
Joined APC: Jan 2018
Posts: 2,247
Originally Posted by madmax757
I like the storage unit idea. Just need to be in an area that’s available and affordable. I live in LAS and I don’t think you’d be able to do a Ma and pa shop with all the big name companies here. They are popping up all over here.
I’ve owned multi unit rentals since 2009. It’s been very profitable and helped me create a pretty good net worth. The key is to buy them at reasonable prices. I sold 2 of them in 2021 when I’d get calls out of the blue if I want to sell and made a lot $ and paid off my house. I kept the 2 newer ones and those will be my retirement income.
As far as hassle goes, I manage them myself and have reliable plumber, electric, hvac people. I’ve had water leaks, a small fire, a police raid, and my favorite - a domestic fight that lead in a stabbing death . Pools of blood everywhere. I learned there’s companies that specialize in that cleanup. The one I used is named appropriately- Aftermath!
I’ve owned multi unit rentals since 2009. It’s been very profitable and helped me create a pretty good net worth. The key is to buy them at reasonable prices. I sold 2 of them in 2021 when I’d get calls out of the blue if I want to sell and made a lot $ and paid off my house. I kept the 2 newer ones and those will be my retirement income.
As far as hassle goes, I manage them myself and have reliable plumber, electric, hvac people. I’ve had water leaks, a small fire, a police raid, and my favorite - a domestic fight that lead in a stabbing death . Pools of blood everywhere. I learned there’s companies that specialize in that cleanup. The one I used is named appropriately- Aftermath!
03-14-2023, 03:59 PM
#90
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
Originally Posted by TallFlyer
I got enamored with options trading during Covid. Had the time to do some very short term things (read: lots of screen time), but am now spooling up some longer term strategies. We'll see.
Thread
Thread Starter
Forum
Replies
Last Post
