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Types of investments that require little maintance and produce steady $$$

Posted on 6/27/17 at 10:31 am
Posted by cwarr14
up da bayou
Member since Oct 2013
386 posts
Posted on 6/27/17 at 10:31 am
Thinking about investing in something that would be easy to keep up with. Thinking along the line of storage units, car wash, ice machines, etc. Anyone have any experience with these or something else similar? Thanks in advance!
Posted by poochie
Houma, la
Member since Apr 2007
6289 posts
Posted on 6/27/17 at 10:40 am to
Let me know when you find it and i'll write the check.
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43456 posts
Posted on 6/27/17 at 10:54 am to
quote:

Types of investments that require little maintance and produce steady $$$


Sounds like you need dividend stocks.... none of those you listed are gonna make you money or be easy to keep up.
This post was edited on 6/27/17 at 2:09 pm
Posted by BACONisMEATcandy
Member since Dec 2007
46643 posts
Posted on 6/27/17 at 10:56 am to
My radio says this is the answer you are looking for

LINK
Posted by ItzMe1972
Member since Dec 2013
9811 posts
Posted on 6/27/17 at 11:38 am to
Those don't sound like "little maintenance" to me.
Posted by BabyCakes
Northshore
Member since Nov 2016
110 posts
Posted on 6/27/17 at 12:07 pm to
quote:

storage units, car wash, ice machines


Are you looking for an investment or for a way to launder money?
Posted by notiger1997
Metairie
Member since May 2009
58162 posts
Posted on 6/27/17 at 1:34 pm to
quote:

storage units,


You kind of have to worry about having someone there all of the time to provide service to the renters. Then you deal with insurance, taxes, utilities, lease/rent, maintenance, etc, etc.

Doesn't seem all that low maintenance to me.

I do have a friend who owns several though and he seems to be doing very very well financially so, while it may be work, if done right it's probably worth it.
Posted by baldona
Florida
Member since Feb 2016
20484 posts
Posted on 6/27/17 at 1:58 pm to
Your best bet outside of equities, is rental properties with a rental company. Ice machine is far from guaranteed from even making money and it requires potentially multiple visits a week if it's really busy. They only hold so much cash and $100 in 1s is a lot of space. Same with storage units.
Posted by MSTiger33
Member since Oct 2007
20386 posts
Posted on 6/28/17 at 12:52 pm to
ETH.
Posted by New Boy
Member since Aug 2009
890 posts
Posted on 6/28/17 at 5:44 pm to
NNN Properties
Posted by Huey Lewis
BR
Member since Oct 2013
4655 posts
Posted on 6/28/17 at 6:28 pm to
Maybe something like this OP:

Posted by sneakytiger
Member since Oct 2007
2473 posts
Posted on 7/1/17 at 10:46 pm to
If youre in a good market, check local real estate developers that offer preferred returns in exchange for hard money capital. Seeing more and more of this in Houston.
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