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Updated over 9 years ago,
Vending into realty.
Good day BP,
I was doing some reading yesterday( Cash flow Quadrant), when I Came up with what I thought was A brilliant Idea. I would like to put it to the fire. Could you please provide me feedback as to how feasible this might be.
This may get lengthy. Just closed to my second property, I will be living here. Rented my first, its a Hack. My investing funds for real estate transaction a spent.
I was wondering what new niche I could fit into. While not real estate, I spoke to a few friends who said they were seeing returns of 75 percent on vending machine businesses. Also, this requires far less capital than a real estate deal.
I was figuring, if I could pick up five machines ( at such a capitalization rate) that would be a great source of capital for my real estate investments. Could this be considered a business system? I would have my wife handle the servicing as she is currently unemployed.
My mission is to buy and hold using real estate income for transitioning from an employee to an investor or even a business person. I would love if this could lead into franchising. Thank you all in advance.
Troy,