Serious Question-You have 200K , but no job what do you do?

[aceduecetrey]

Better question.....what do you do if you are use to living like a king and the FBI comes to your house one morning and take all your money and try to put you in jail?

But to answer your question... Have you ever looked into a carwash? The do it yourself ones with a automatic or two. I know acouple of guys who own them and they have a few benefits. Such as, cash and if you put it in a nice location it will help you pay off the property loan while the value goes up.

 

[gbm]

who is wade cook

 

[OccamsRazor]

SSI

One of the biggest real estate explosions out here in California was STORAGE UNITS or a storage unit business. Not tennants to deal with so headaches from people. No gas or water utilities to worry about. If people don't pay their rental fee they forfeit their property. There is a huge Storage Unit complex down the street from me. About 500 units. One guy manages the whole complex. Collects the money and watches satellite TV all day.

 

[SubZaero]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> One guy manages the whole complex. Collects the money and watches satellite TV all day. <HR></BLOCKQUOTE>

Add a couple of beers, some burguers and a nice round ass besides you and that's what I call LIFE.

 

[SSI]

thx razor,, i seriously considered them about a year ago.... Its still not out of the question.... There are some in the area and they stay rented pretty good..

 

[randyrohm]

I have 4 rental houses and a condo near campus that I rent out. They are a great tax write off since I have a good job and single. They are a neg in that renters are a different breed. I have won a couple lawsuits but yet to collect a penny of it from the deadbeats. I basically break even on the properties and am gaining equity that I can take on the backend. If a couple 3 months of bad no pays will upset your finances don't get into this. I am just looking to get out my equity in a few years and it should be a good lick.

 

[Phaedrus]

Journeyman, there's all kinds of stuff you can get into that pays decently for very little money. $200k is a fortune in some businesses. There are a lot of decent online ventures that can be done for low five figures yet produce an income that, measured as a percentage ROI, is unbelievable. Plus you have the flexibility of working your own timetable, lots of freedom, etc. Find something decent to wrap up say $ 50k into and float on the rest. In 2-3 years the real estate bubble will likely have burst and the wisdom of picking it up as an investment will seem a lot different than it does today.


Phaedrus

 

[charliepeete]

buy a boat that should get rid of the $$$$$$$$$$$$$$$$$$$$$

 

[Horseshoe]

So Journeyman, what choices have you made of your crossroads in the last six months, besides becoming a Mod?..I hope all is going well!

 

[WHALE]

Just 200k !!!

 

[PeteRoseJR]

Take the 200 large and go buy Aeroflex stock at 12 or 13 and watch it grow to 25 or 30 shortly! They are a computer company that supply the computer chips for the government! There top customer is motorrolla. And Motor Rolla is the company that will be making the new walki talkies that the Fire Department and Police Department will combine to use! A major production that means good profit that means increase! GOOD LUCK!!

Feistsux...........what is with the stock...its a measly $ 10.65/share.......... their radios must suck..................lol

 

[ParkCityRep]

good luck jman maybe you should open a sports bar with Sherman..just a thought

 

[jamesbong]

$200,000.00 usd = ¢86,400,000 CR colones. You could do a WHOLE LOT with that here in Costa Rica and in other countries....

I am in the middle of Mexico in a retirement hotspot and it is the same down. $200K will go a long way down here. You can easily open a business and there is plenty of rich gringos down here that are not price sensitive and your operating expenses are not nearly as much as in the US. I am currently in negotiations to buy a restaraunt/bar and expenses are not nearly what they are in states and you can charge comparable prices. For instance, the young hot mexican waitresses get paid like $40/wk + tips like for 50 hours of work. Living expenses are also much cheaper down here and the weather is perfecto. You don't even need to be able to speak spanish to get by. And young caucasions w/ dinero are a commodity w/ the senoritas.


So if you have no major attachments in the U.S., head south of the border and live like a king.

 

[WildBill]

James, where are you exactly? I have a house in Mexico, but far off the gringo path. Thinking of selling and using the proceeds to buy something in Mexico and renting it to gringos, sort of a "get to know the place" rental where they can move onto something else if they want. Any ideas?

 

[Glaken]

Move to Idaho and grow small potatos.

 

[SportSavant]

wildbill?

how many people does it take to operate a small book with 200K capital?

what are the license fees? etc?

can this sort of business be run out of a home?

 

[BAUS]

Move to Canada and 200k will instantly become 240k !

SS: Who is a band of pigs?

BAUS

 

[lander]

Bribe a Republi .. err lobby

 

[WildBill]

Not sure, Judge could probably give a better answer than me. I can tell you this, one good person in a small book can do the job of 5 mediocre staff members at the same level. I think 200k is just the get in the door amount though and is the bankroll alone. It will be a mostly credit shop and needs partners not only for capital, but for having access to customers. The small shops that do well generally do so because of who they know, not really because of how well they operate.

 

[jamesbong]

San Miguel de Allende. It is right smack in the middle about 170 miles north of Mexico City. The population of the town and surrounding area is roughly 80,000 or so w/ maybe 4,000 gringos. Most are retirees but there is also a sizable about of tourists because of the historic nature of the town, as well as many students attending the various art and language schools. The high temperature is pretty much between the low 70's to low 80's all year around and there is little humidty b/c of the high altitude.

Although, the real estate market has been heavily pounded the last few years, the town is ever expanding and there are still plenty of opportunities.

Look into the town on the internet and if you ever decide to check it out, let me know and I would be happy help you get started.