Business to start with 60-100k - besides a grow op :P

Originally Posted by mike91sr

Thats why I asked if you were paying cash, you said youve done it a few times. I own property in socal and had a hell of a time getting outbid by people with all cash, even though their offers were for less $$. Where are you finding properties in the area that can be bought fixed, listed and sold for under 100k? Aside from condos, because fck ever dealing with those associations lol.

I live in San Diego.In Chula Vista, La Mesa, San Ysidro ect you will find many houses that are worth fixing for under 100k. I do cash only transactions because of the issues with banks. I know what you mean, before I flipped houses I worked for a realty company that dealt with mostly REOs and short sales and those houses would stay on the market for 150 days plus, because of the banks being scared of getting into the same issue they are trying to get themselves out of.

Ah ok, see that's my problem(no cash to buy). I've had a few deals fall through because I couldn't get my financing on point in time. Fckin sucks. Honestly, I need to get to some REI networking events n such, I really dont know anybody so I'm just a small fish in a big sea around here I guess.

OP, sorry for the thread jack. Couple ideas:

-Franchises can be pretty decent, I have no experience there but know a few successful franchisees who do pretty well for themselves. Most common reason I've seen for failure is the franchisee shouldn't be running any business in the first place, and they have no idea what they're doing. Franchises advertise as being turn-key profits a lot of the time, usually falsely.
-Art Dealer
-Any mobile service has less start-up and overhead, but you'll have a tougher time separating yourself from the daily labor.
-Networking business/website. Make yourself the well-paid middleman who does almost nothing after getting started
-Something I've looked into from the other side, invention funding. If you know what to look for, theres tons of sites to network inventors with investors. I know it's not really a business, but its something to do with at least a small portion of your start-up capital

Well Mike just keep at it and in time you will have great successSame with you as well OP

ok ok ok ok

you should open a snowcone place if there isnt one around and get the finest shave ice machine you can people love this shit. or maybe a radio station of reggae if there isnt one by you(there isnt by me)

Send me a check for 110k and I promise to triple it every month if not....you'll never hear from me again. Interesting thread though. Flipping houses does sound interesting.

inest it all in gold not accapulco tho lol the metal, the arse is falling out of erything, but gold prices just rise n rise n rise. c121

Save my name, if the housing market ever begins to come back call me. I buy charged off debt and have done it since 1991. We collect, put on credit reports etc. It has been tough the last few years but once people begin to be credit worthy again and begin to buy houses and cars etc they need to clean their credit. We still do ok and the paper is cheap but the real money will be made once the economy turns around. Good luck