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Is there something I'm missing /biz/ ?
I live somewhere the average 2 bedroom apartment costs 180,000$, average house 300,000$, and I see small commercial buildings, usually with previous company utilities still inside, going for 25,000$. I don't get it. Only the piece of land is worth that, and it comes with a free business.
Should I start buying small businesses, operate them for some time and flip them ? I do not see how I could lose any money, it literally can't depreciate more than that. Also, the buildings I've checked are in good state, they were just generally ugly.
I thought of buying small businesses for dirt cheap like that, selling their utilities, buying tables and selling cheap stuff until the payments are finished, then hold/flip it and buy another one.
How could it fail, if I buy them for dirt cheap ?
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>>1755424
what do you mean by utilities?
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>>1755433
The equipment, like the washing machines, chairs, tables, etc
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You assume all the employees would stay with you.
Idk, do it and find out. The fact that they're so cheap should tell you nobody is buying.
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>>1755436
They are very small businesses; I wouldnt need employees. That's the good part.
And yes, that may be it. Maybe not though
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are you forgetting that they're being sold in the first place? if they were profitable businesses they most likely wouldn't be for sale...
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>>1755424
>buying small businesses for dirt cheap like that
>selling their utilities
>buying tables and selling cheap stuff
Are you daft
If they didn't liquidate their shit already then it isn't worth anything in the first place, and that's assuming nothing's been marked for repo.
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>>1755424
You check to see if there are liens or unpaid taxes?
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