Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #11  
Old 12-11-2006, 07:36 PM
AlleganyLawnCare's Avatar
AlleganyLawnCare AlleganyLawnCare is offline
LawnSite Member
 
Join Date: Mar 2005
Location: Western Maryland
Posts: 184
You know, I watch the show Flip This House all the time, and think that would be pretty neat to do. But you know what gets me? I know it is due to location and all, but how come out west 800 sf houses with no bedrooms go for like $300k and up, and waiters are able to get a loan for them, but out here - they would go more for like $10 to 15k. I wish I could go out and get a half-million dollar loan or more just like that.

I know real estate flipping seems like fun, but boy that is a risky enterprise if you don't do your homework.
Reply With Quote
  #12  
Old 12-11-2006, 07:39 PM
Tim Wright's Avatar
Tim Wright Tim Wright is offline
LawnSite Bronze Member
 
Join Date: Jan 2006
Location: Martinsburg, WV
Posts: 1,035
Quote:
Originally Posted by mattfromNY
Rental properties, real estate. Similar to what Total Lawn Care said. 2 of the most successful businessmen I know (both millionaires) both got into real estate on the side (mostly for write-offs I am told), then actually went to that as their primary business. That has to tell you something.
This is my goal also, and add Mini Storage. I also plan on rebuilding the Media Production to profitability.

Tim
Reply With Quote
  #13  
Old 12-11-2006, 08:38 PM
topsites topsites is offline
LawnSite Fanatic
 
Join Date: Mar 2005
Location: Richmond Virginia
Posts: 21,677
This isn't my first go-round.
I've been working on running my own since I was in my mid 20's.
Finishing my 5th year as an Lco, I'm 40 now...
I can't remember how many other things I've tried, but say at least a half dozen ventures.

Way I see things, every time I try something new, it's back to school all over again.
The mistakes, the lack of experience, the failure to see or catch savings in cost, and countless other things only add up to monetary loss after loss.

I'm tired of going to school, I may expand later into tractor work and after that, likely maintenance.

But other than that, I'm through opening new businesses.
Just glad I finally hit one nail square on the head, is all I know.
Reply With Quote
  #14  
Old 12-11-2006, 08:41 PM
DBL's Avatar
DBL DBL is offline
LawnSite Silver Member
 
Join Date: Jul 2005
Location: Chester County, Pa
Posts: 2,220
towing company already drive p/t and i love it
__________________
Tom
Reply With Quote
  #15  
Old 12-11-2006, 11:07 PM
Ric3077's Avatar
Ric3077 Ric3077 is offline
LawnSite Bronze Member
 
Join Date: Jun 2003
Location: Saint Peters, MO
Posts: 1,113
I ma going to open a recording studio...but it may take a while...a couple others I thought about are a good pizza joint (I am from Boston where pizza is actually good unlike in St. Louis where it is awful), and a mini golf, go-cart, driving range, & arcade entertainment center. I also thought of a teen style bar, where high school kids could have a place to go, get some pizza wings, watch games, play foosball, PS2, watch movies with their dates in a seperate room, or whatever. All of these ideas take some good loot though...
__________________
Reply With Quote
  #16  
Old 12-11-2006, 11:33 PM
Prestige-Lawncare's Avatar
Prestige-Lawncare Prestige-Lawncare is offline
LawnSite Senior Member
 
Join Date: Apr 2006
Location: Central Indiana - GO COLTS
Posts: 753
Coffee Shop for retired LCO's .. (or for rainy days)

__________________
.
I use Xtreme Series Racks, the most advanced racks on the market. Check them out at: TrailerRacks.com



Proud Supporter of:
Hustler mowers ~ Xtreme racks ~ STHIL products
Reply With Quote
  #17  
Old 12-11-2006, 11:39 PM
Uranus's Avatar
Uranus Uranus is offline
LawnSite Bronze Member
 
Join Date: Jun 2006
Location: Mass
Posts: 1,646
I would love to open and own a semi-private golf course. Need just a little more capitol.
Reply With Quote
  #18  
Old 12-12-2006, 07:24 AM
AlleganyLawnCare's Avatar
AlleganyLawnCare AlleganyLawnCare is offline
LawnSite Member
 
Join Date: Mar 2005
Location: Western Maryland
Posts: 184
Quote:
Originally Posted by Williams LC
I would love to open and own a semi-private golf course. Need just a little more capitol.

Don't we all? Is anybody close (i.e., next year or within a few years) to starting on their second "dream business"?
Reply With Quote
  #19  
Old 12-17-2006, 07:16 PM
Jpocket's Avatar
Jpocket Jpocket is offline
LawnSite Silver Member
 
Join Date: Jul 2004
Location: Upstate New York
Posts: 2,248
Quote:
Originally Posted by mattfromNY
Rental properties, real estate. Similar to what Total Lawn Care said. 2 of the most successful businessmen I know (both millionaires) both got into real estate on the side (mostly for write-offs I am told), then actually went to that as their primary business. That has to tell you something.
Thats something I will get into soon, not because I have a big interest in it, just b/c you can never go wrong owning real estate. The cash flow and equity it generates is unbelieveable.
__________________


Chevy trucks, Exmark Lazers, enclosed trailers.
Reply With Quote
  #20  
Old 12-17-2006, 07:43 PM
N&CLandscaping N&CLandscaping is offline
LawnSite Senior Member
 
Join Date: Apr 2006
Location: Medford MA
Posts: 360
Open a Marina or a Restaurant or a Hotel or be a cop
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 08:06 AM.

Page generated in 0.09887 seconds with 7 queries