- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Investment and building net worth
Posted on 12/22/11 at 5:24 am
Posted on 12/22/11 at 5:24 am
I have been contracting overseas for a little while and have paid off my debts save the house. When I wrap up here in the late spring, I should have close to 100 in the bank.
My ultimate goal was to start opening franchises and I have my eye on 2. One is only available in the county and while I think I would make a return, I am skeptical of how much and it is really my option 2. My option 1 is a franchise that I could get in the location I want, but I am short on net worth.
There aren't a lot of options to build the additional NW I will need safely. I am not willing to take a ton of risk through penny stocks or anything like that, so I was looking @ buying foreclosures as a way to build the NW and generate a little bit of cash in the interim. My problem is I just don't see a huge opportunity here either. Am I wrong? I know a lot of people make a good living through real estate and maybe I am just missing on some key points here, but it seems like the foreclosed homes are in shitty areas and/or are not very far below market value.
So, 2 questions here. Anyone with franchising experience in the food industry that has any tips/pointers would be greatly appreciated. 2nd, anything in the housing sector, or is it a slow developing gig where I would do better investing conservatively in the stock market?
TIA.
My ultimate goal was to start opening franchises and I have my eye on 2. One is only available in the county and while I think I would make a return, I am skeptical of how much and it is really my option 2. My option 1 is a franchise that I could get in the location I want, but I am short on net worth.
There aren't a lot of options to build the additional NW I will need safely. I am not willing to take a ton of risk through penny stocks or anything like that, so I was looking @ buying foreclosures as a way to build the NW and generate a little bit of cash in the interim. My problem is I just don't see a huge opportunity here either. Am I wrong? I know a lot of people make a good living through real estate and maybe I am just missing on some key points here, but it seems like the foreclosed homes are in shitty areas and/or are not very far below market value.
So, 2 questions here. Anyone with franchising experience in the food industry that has any tips/pointers would be greatly appreciated. 2nd, anything in the housing sector, or is it a slow developing gig where I would do better investing conservatively in the stock market?
TIA.
3
Posted on 12/22/11 at 7:24 am to homeskillet
I believe the common answer for a food franchise will be that the best ones are very expensive and not a wise investment if you don't have any experience in the industry
Posted on 12/22/11 at 7:32 am to homeskillet
So, your question is, "how can a make a good bit of money, fast, and without a lot of risk?"
I'm bookmarking this thread.
I'm bookmarking this thread.
Posted on 12/22/11 at 9:47 am to homeskillet
The franchise thing, you should go work in a few locations and ensure that is really what you want to do and if the margins are anywhere near what is represented to you, otherwise you could end up with a very marginal investment that devours your time, energy, and capital.
RE is not what I would envision as a vehicle to ramp up your NW quickly, rentals/foreclosures can become money pits if you are not able to handle a lot of work on your own or want to devote the time to it, and stocks are inherently risky over most time periods. There is no way to estimate today what financing options will be available to potential buyers of the property when you want to sell, and if you don't get a bargain purchase option that allows significant upside it is not going to increase your NW much, if any, over the short run. Maybe you should keep contracting as that seems to generate significant earnings for you.
Best way to grow NW quickly are win the Powerball, inherit big money, or be the second coming of Buffett, Klarman, et al. Big income and high savings rates work, but it still takes time and good investing fortune.
RE is not what I would envision as a vehicle to ramp up your NW quickly, rentals/foreclosures can become money pits if you are not able to handle a lot of work on your own or want to devote the time to it, and stocks are inherently risky over most time periods. There is no way to estimate today what financing options will be available to potential buyers of the property when you want to sell, and if you don't get a bargain purchase option that allows significant upside it is not going to increase your NW much, if any, over the short run. Maybe you should keep contracting as that seems to generate significant earnings for you.
Best way to grow NW quickly are win the Powerball, inherit big money, or be the second coming of Buffett, Klarman, et al. Big income and high savings rates work, but it still takes time and good investing fortune.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News