Million Dollar Business Ideas Thread!
- Thread starter blogspotter
- Start date
Most of those are cover ups for a drug importer. They use them to clean their money.
You could start anything like that and offer a "clean money service" for a 20% cut. It would be worth your while and their's. I've thought about it but I don't want to be shot over $50k.
I like the storage unit Idea... They are everywhere... I once thought about it, seriously...
But why can't I just buy a lot and built it? Does it work on a Franchise? Will look into this..
About hotels, lots of good hotels, on good locations are always on sale... ie, in the past couple years.. It is actually a good time to buy Hotels. But it is not an easy business... Hospitality is a different ball game.. Maybe I will need a partner who have been in the business for a long time..
Why is that? I didn't say a "Huge" guaranteed return.. I never mentioned a number? I am not looking for a penny stock advice either..
A Hotel with a proven occupancy.. A Franchise at a good location.. The returns maybe low as I am entering at a late stage, the return can pretty much be guaranteed, unless the economy gets fucked up even worse..
You could, I'm not sure if it would be in your budget or not but there is nothing to stop you from buying the land and building one yourself. Seems like operational expenses would be pretty low too, once its built. Pretty sure you get to auction off all the shit in the abandoned units too, based on all the shows on TV. Just make sure your contracts are tight.
The difficulty in Storage Units in the US is finding land that has the proper zoning. At least in California, anytime there is land zoned for storage it is bought up immed. I was talking to a planner in Indio, yes Indio, the other day and even in Indio storage is all the rage. You can still get land in Imperial County CA that is an easy storage build, but then you have the problem that there are no people.
Storage units are great, apartments without tenants - getting the entitlements is the hurdle.
Storage units are great, apartments without tenants - getting the entitlements is the hurdle.
That would be neat.. Imagine if you found a stash of coke... I would shit brix right there.. I would take it out.. then put it back again...
There are some on sale here: http://www.loopnet.com/Self-Storage-Facilities-For-Sale/
BRB: First building a storage unit affiliate site.. Thanks for the Niche
I am overseas, and I am already enjoying the overseas upside.. Even my mutual fund holding gives me 24% average... Banks give 9% on CDs, and off the books, short term business loans with gold as collateral gives me 2% per month, after fees for my manager.. I already have my finger in a lot of things... And real estate.. My god.. 80-100% return every year for the past 4 years... But I think it is headed for a recession/bust, because it is getting crazy.. so I am liquidating my real estate holdings..
So, I am not looking for a windfall... Just a conservative investment with OK returns..
dont kid yourself you have tenants. Its an even bigger pain in the ass collecting your money, than when you can threaten taking away someones home
Smart man. Where are you?
I'm getting some solid returns here in Thailand but nothing like the numbers you are talking. CDs are paying only 3.5%. Real estate has been good with 20% to 40% annual gains for the past 5 to 6 years. But I don't see a bubble or bust coming yet because the gains are localized in an area that has strong organic demand rather than something unsustainable like easy loans.
Agreed, Just need someone to make the collections calls and someone on site and you have a great potential rebill
Right but the people you kick out of the home can fuck that home up destroying the value of that home. Storage units on the other hand, you get to keep their shit sell it make some money back then rent that bad boy back out. . . I know a guy who owns a storage unit, makes a monthly profit plus, it increases in value over years. . . sounds like a win in my book.
1. don't do electricity, then you will get some poor sap trying to live in the unit.
2. no climate control cost money
3. I hear being out of city limits helps with retards regs too. . .
That market has been oversaturated for 15 years. It was great if you got in in the 90's. Lol
Yeah I know, but so is starting a business, everyone is doing it these days, just like AM the world is dead.
but srsly what the fuck are you talking about ?
A place you would ever have dreamt of. India... Great place to do business if you are ethically flexible ;-)
But it is getting difficult though...
I like this idea, and definitely thinking of this too. Only I don't know how I will employ 15 fulltime employees.. ( Maybe two analysts, and a sexy personal secretary, but other than that what? rent out coders to the start-ups I invest in?) and I can't expect a cashflow from a angel investment.. unless I keep cycling the investment... invest-exit in very short cycles....
Also not looking for a passive investment... Nor a place to park spare cash. This is for a totally different and legit purpose.
Need to be a business. Need to employ 10-15 people. Need to have a positive cashflow soon enough.