My situation:
33 year old male looking to start a business with an inheritance that will provide income without eating away at my life.
Assets:
500k cash inheritance
Willing to actually work at the business
Willing to move, but the business cannot be in a really large city (I'm thinking 50k population max)
Liabilities:
Have to convince co-inheritor (Mother) of ideas
Need to clear 60k income per year
No trade skills (plumbing, etc), but franchise businesses are okay (oil change place)
Retail/Goods based businesses are doubtful to me
Current thoughts: Crematorium, Apartments, Lasertag
>>1017702
Build a section 8 apartment complex and have it be your first client for a residential analytics software job.
Kickstart your software career, buy more property, rinse and repeat.
You can also hire lots of software interns for free now since the market is saturated.
Have fun, and when in doubt: get an FFL and sell guns.
Obviously laser tag.
I would base it on where you're moving. See if you can find an obvious lack of something. I would start a nice gym where I live if I had 500k. Could make a lot of money.
>>1017709
Do you know of anyone who has done section 8 and is happy about it? Seems like they would just destroy your property.
>>1017709
Wow, I had no real interest in the manufacturing process of guns, but now... it is worth researching after reading the wiki for FFL
>>1017718
Good question: My mother was always interested in doing section 8 housing because you can charge double what it's worth in our area, but you're sort of attracting a crowd you don't want to get involved with. She always ends the argument by saying it'd be managed by another company who takes a % off the top.
>>1017702
What about rental cars?
500k can buy a lot of cheap rentals
Buy 10 cars at $10k ea with asset finance, and just build it up from state to state, then bring it all together in an online platform.
>>1017722
Eh I would never hire a property manager unless I literally had too many to keep up with.
The numbers usually work out where their ~10% off the top is 25-50% of your cash flow.
But fuck man. It's such an opportunity for easy money. I just couldn't do business with the niggers.