Yukon Cornelius said:

---

How much percent wise do your properties generate for you?

---

Nothing purchased yet

I have friends all over real estate -selling , flipping, rentals, agents, brokers, etc.

I know which areas I want to start but that can change with market conditions.

I am thinking 12-15% CoC.

Gotcha. Personally I wouldn't touch any. But that's just me. Wonder how your numbers compare to a REIT

For just the RE?
I looked into O and a few others but it's been a while.
I can get good deals on all aspects of a new build because of contacts, so it makes sense. I considered rentals for tax benefits and posterity.

I have also considered trailer parks, vehicle storgae, safe havens, etc

Correct, just for the RE. Ya builders desperate to move product at tbe moment.

Ghost of Bisbee said:

---

Dairy Queen franchise

No idea if it's worth it

Just always thought this as a "that'd be cool" retirement gig

---

I can tell you based on financials I've seen - hard pass

i would not do anything that involved having to have inventory (especially inventory that can spoil like with a restaurant) or a lot of lower paid employees. A lot of the things suggested would take a lot of time which seems to me to be counter to being retired.

Donkeys are just fun and they keep coyotes away you don't eat them! Lol

62strat said:

---

An rv storage lot has got be one of the easiest incomes.. and great margins too.

Man where I park mine, it's a big slice of unincorporated land within the town limits. 20 acres, there are ~600 slots there, at about $130/mo average.

It's a crushed asphalt lot, a fence perimeter, an automatic gate with keypads, and that's about it. There is a sign on the gate with a phone number and website for any potential new renters or current ones with issues I suppose.

$80k a month, and this guy has ZERO employees, very little operating costs, doesn't have to show up (there isn't even an office), and he bought the land 25ish years ago, so surely it's paid off. Most of the growth of this town is newer than that, so he probably paid a few grand an acre.. now worth more like $100k/ac if not more.. but who in their right mind would sell land for just a few million that's making $1mm a year?

You go to website at any given time, and there are maybe a dozen available slots.. this thing is perpetually full.

Guy hit the jackpot when he bought that land. I met him just one time, a dude in a land rover checking out the construction on the road at his entrance, so I figured it was him and said hi. He was about late 50s, maybe early 60s.. so I'm betting he hasn't worked a day since his 30s.

---

Lets say someone were to go this route. And, let's say the total cost of land and everything to make it operational is $1MM. What would be needed of this individual to get the money from a bank? How much money would one have to put down for a minimum. 20 percent? Can you combine the land purchase and the improvements into one loan? How long are these loans typically? The internet seemed to say 20 or 30 years. That right? How long do you have to get up and running before the wolves come knocking?

Milwaukees Best Light said:

---

62strat said:

---

An rv storage lot has got be one of the easiest incomes.. and great margins too.

Man where I park mine, it's a big slice of unincorporated land within the town limits. 20 acres, there are ~600 slots there, at about $130/mo average.

It's a crushed asphalt lot, a fence perimeter, an automatic gate with keypads, and that's about it. There is a sign on the gate with a phone number and website for any potential new renters or current ones with issues I suppose.

$80k a month, and this guy has ZERO employees, very little operating costs, doesn't have to show up (there isn't even an office), and he bought the land 25ish years ago, so surely it's paid off. Most of the growth of this town is newer than that, so he probably paid a few grand an acre.. now worth more like $100k/ac if not more.. but who in their right mind would sell land for just a few million that's making $1mm a year?

You go to website at any given time, and there are maybe a dozen available slots.. this thing is perpetually full.

Guy hit the jackpot when he bought that land. I met him just one time, a dude in a land rover checking out the construction on the road at his entrance, so I figured it was him and said hi. He was about late 50s, maybe early 60s.. so I'm betting he hasn't worked a day since his 30s.

---

Lets say someone were to go this route. And, let's say the total cost of land and everything to make it operational is $1MM. What would be needed of this individual to get the money from a bank? How much money would one have to put down for a minimum. 20 percent? Can you combine the land purchase and the improvements into one loan? How long are these loans typically? The internet seemed to say 20 or 30 years. That right? How long do you have to get up and running before the wolves come knocking?

---

All of your questions (though some are not relevant) apply to any business venture where you cannot pay for it in full. You don't go into business with no money at all. You have enough to cover the note for a period of time, to stave off the "wolves" until you start getting enough customers/tenants to pay the operating expenses (not a lot with a deal like he is describing) and the note payment. Surely you know that. Or have never started and run your own business. That right?

bulverdeaggie93 said:

---

i probably should not have used the word "passive"… looking for an investment that keeps me a little active, gets me out the house a little.

---

Sounds like you are looking for a hobby that might also make a little money. What do you like to do?

Some possibilities:

- Plant a garden or vineyard
- Take up woodworking and sell on Etsy or Texas
- Bale bread / pastries and sell locally

Just buy bitcoin and chill.

Everything else is the opposite of passive.... although, being honest, bitcoin is pretty consuming itself when you get into the rabbit hole.

You might start recognizing the enshi*tification of everything.

Will someone please poke holes or options on my post. I am looking to compare and research.

TIA.

Yahoo finance told me to be successful I need to have 3 or more streams of income...

It also said most billionaires fly on private jets so obviously the key to being a billionaire is flying on private jets

wessimo said:

---

bulverdeaggie93 said:

---

i probably should not have used the word "passive"… looking for an investment that keeps me a little active, gets me out the house a little.

---

Sounds like you are looking for a hobby that might also make a little money. What do you like to do?

Some possibilities:

- Plant a garden or vineyard
- Take up woodworking and sell on Etsy or Texas
- Bale bread / pastries and sell locally

---

This is where I would go, find a hobby you can monetize. Spend a little of your up front capital to take a couple classes on small engine repairs, appliance repair, handyman work. Take your pick of what jobs you want to tackle, turn down the rest, make somewhere $50-$100/hour, depending on your location. Walk away anytime and sell your tools to the next guy.

The Pilot said:

---

I'd stay away from a restaurant. Unless you have a rockstar manager, you might be working more than you were before retirement.

These likely require quite an influx of capital but something like RV storage, carwash, laundromat seem less time intensive than the restaurant business.

---

Wife's grandfather and uncle both did RV and unit storage. Her grandfather did it as a passive retirement thing after selling his auto shop and her uncle did it as a side business for his auto shop.

LatinAggie1997 said:

---

I've been looking into this without having discussed with a "pro", not yet. To retire and live off dividends, interest, cap gains tax, rentals, etc.

Thoughts:
500k in Fidelity top index funds
500k in Schwab top index funds
500k in Treasuries (terms pending yield/risk)
500k in Munis (terms pending yield/risk)
4 rental properties (paid)
200k in BTC (possibly lend out between .5 - 1BTC)

I think that is a conservative monthly income is $16-$20k.

Please break this down for me, all criticism welcome.

---

put this on bogleheads... you will get a ton of responses and questions... some good... some not so good... but plenty of insights to consider

Lot/small land clearing

buy 8-12 goats

they will clear the whole thing in 2-3 days