Let me tell you a story. One of my friend is a manager, he saw a begger ask him for money, said he will do everything, so he offer him a job, the begger reply back "are you crazy, man?" go away...
Later that night, a guy drives a Benz to pick him up.
Just think about it, thousands and thousands of car passed by him each day, couple dollars here and there adds up after all.
TRUE STORY...
Useless? I think not. Lets see in your name you have 5%. Well let me clue you in on something. I make no less than 100% of everything in my vending machine. So yes the vending business is a good investment if you find the right places for them. I make money while I am working at my day job. I pay no employee taxes or salary.
OK this will involve five years worth of work for a lifetime of wealthy living.
Buy one investment property a year for five years. Before you say this is impossible - it is not. Save your money and get creative when it comes to closing costs, points, downpayments.
All your loans will be on a fixed 30 year basis. In year six take a $100,000 equity line on the first property you bought in year one to supplement your annual income. In year seven take a $100,000 equity line on the second property. In year eight take a $100,000 equity line on the third property and so on. The rising rents every year will pay for the increase in mortgage payments associated with that property. Do this every year for 35 years and on the expiration date of the fifth property sell all your property, pay the man and live life comfortably and healthy into your 90's.
Buy one investment property a year for five years. Before you say this is impossible - it is not. Save your money and get creative when it comes to closing costs, points, downpayments.
All your loans will be on a fixed 30 year basis. In year six take a $100,000 equity line on the first property you bought in year one to supplement your annual income. In year seven take a $100,000 equity line on the second property. In year eight take a $100,000 equity line on the third property and so on. The rising rents every year will pay for the increase in mortgage payments associated with that property. Do this every year for 35 years and on the expiration date of the fifth property sell all your property, pay the man and live life comfortably and healthy into your 90's.
Real estate like Joey says, just for me a different avenue.
I am going to go with a company who has a franchise.
They put up the cash, they are the backers. I find the homes, I make an all cash offer, any amount, any home. So for example:
John is selling a home for 200k. I say John, I will give you 180k for your home, cash. He says ok. I have him sign a contract (like any executable contract) and then I have potential buyers that I have looking for a home. Becky says, I want it. I say ok Becky. I will sell it to you for 195k, 5k under market value. Get her financed throught my place. I just made 15k - 1k fee that I pay them.
WHat do they make? They make all the closing costs fees, 5-7k worth. They get a nice interest rate on their investment. Then they have 100 options. They can wholesale that note to many investors out there. Or sell it to other lending institutions who do just that, invest in real estate and hold the notes and make their 200k interest over 30 years.
I never ever use my money or credit. I just find the sellers, get them under contract and then get the buyers and do a double close.
PLus, I get a protected territory. So no one from this company can move in on me. I have researched this for some time now and I am finally taking the plunge.
The company can finance about anybody with a heartbeat unless they are in foreclosure. 1 day out, thats fine. They have many, many lenders, private investors, hard money lenders at their fingertips to get someone financed.
It seems like a all-around good deal. I am starting this week, will take a few weeks to get everything up and running. I will keep you posted on how it is going.:money8:
I am going to go with a company who has a franchise.
They put up the cash, they are the backers. I find the homes, I make an all cash offer, any amount, any home. So for example:
John is selling a home for 200k. I say John, I will give you 180k for your home, cash. He says ok. I have him sign a contract (like any executable contract) and then I have potential buyers that I have looking for a home. Becky says, I want it. I say ok Becky. I will sell it to you for 195k, 5k under market value. Get her financed throught my place. I just made 15k - 1k fee that I pay them.
WHat do they make? They make all the closing costs fees, 5-7k worth. They get a nice interest rate on their investment. Then they have 100 options. They can wholesale that note to many investors out there. Or sell it to other lending institutions who do just that, invest in real estate and hold the notes and make their 200k interest over 30 years.
I never ever use my money or credit. I just find the sellers, get them under contract and then get the buyers and do a double close.
PLus, I get a protected territory. So no one from this company can move in on me. I have researched this for some time now and I am finally taking the plunge.
The company can finance about anybody with a heartbeat unless they are in foreclosure. 1 day out, thats fine. They have many, many lenders, private investors, hard money lenders at their fingertips to get someone financed.
It seems like a all-around good deal. I am starting this week, will take a few weeks to get everything up and running. I will keep you posted on how it is going.:money8:
In a year or two, I may try to start some vending machines. I have been researching them lately, and it really seems that if you can get a good location then you should be making a nice risidual income each month.
I love how people think that there is no money in sports betting. I hear all of these people saying they should just hold their bets, etc. Well, I go down to Vegas for a few days, walk into the nearest sportsbook and there are people there that are making $80,000 off of an initial bankroll of $100,000, and all of that is in the last week. If you get only a fourth of that return you would still be living the good life. It is all about how big your bankroll is. You can hit 51% of the time and still make GREAT money each and every year.
I would say, take whatever amount of money that you can afford, and go to Vegas for a week or two per year. Don't let yourself get distracted by anything else there, just go to the sports books every day for that one or two weeks. Study how the lines are moving, etc. and possibly get some picks from someone that hits at a good rate. I know of several that average AT LEAST 10-20+ units per week, and that adds up if you have, for example, $400 units. You play 4-5 units on each game and at the end of the week you should be up big. If you only got that minimum of 10 units that week, then you would still leave with about $4,000.
Basically, if you just play smart and have a large bankroll, along with some GOOD picks, then I believe that you have a VERY good chance of making at least a decent living by just betting sports for a few weeks/months out of the year. Sports betting is like any other investment, you must have a lot of capital to get a reasonable return.
I love how people think that there is no money in sports betting. I hear all of these people saying they should just hold their bets, etc. Well, I go down to Vegas for a few days, walk into the nearest sportsbook and there are people there that are making $80,000 off of an initial bankroll of $100,000, and all of that is in the last week. If you get only a fourth of that return you would still be living the good life. It is all about how big your bankroll is. You can hit 51% of the time and still make GREAT money each and every year.
I would say, take whatever amount of money that you can afford, and go to Vegas for a week or two per year. Don't let yourself get distracted by anything else there, just go to the sports books every day for that one or two weeks. Study how the lines are moving, etc. and possibly get some picks from someone that hits at a good rate. I know of several that average AT LEAST 10-20+ units per week, and that adds up if you have, for example, $400 units. You play 4-5 units on each game and at the end of the week you should be up big. If you only got that minimum of 10 units that week, then you would still leave with about $4,000.
Basically, if you just play smart and have a large bankroll, along with some GOOD picks, then I believe that you have a VERY good chance of making at least a decent living by just betting sports for a few weeks/months out of the year. Sports betting is like any other investment, you must have a lot of capital to get a reasonable return.
