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/biz/ - Business & Finance

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709847 No.709847 [Reply] [Original]

what are some businesses that require little time investment to run? I'm fine with a low ROI as long as the pay off is higher than investing in index funds, I'm looking for something that may give me some semi-passive income to achieve financial independence

>> No.709849

Hi my name's John, I work for Herbalife and I have just what you're looking for!

>> No.709869

>>709849

Hi John, I work for AmWay and you seem like the kind go getter that we need for our team!

>> No.709870

>>709869
hi amway my name pepe

>> No.709878

>>709869
>>709849
Hi Guys, Kevin here. I work for CutCo and you best step off my turf or you'll get introduced to my product first hand.

>> No.709886

>>709878

Hi Kevin

Do you know what'll make your product 10x better? Herbalife of course! For just $49.99 I'll give you a two week supply of our super potent, high-protein, low calorie shake which will make your muscles ROCK hard!

>> No.709891
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709891

>>709886
Kevin accepts.

>> No.709923

>>709870

hi pepe, my name is Nicholas and I am the CEO of MEGAMILLION DOUBLE DOLLARS INC. Please invest your moni into my stocks in order to provide great dividends over to course of your happiest lifetime.

>> No.709982

Rental properties, my friend. Just shovel cash into them and cash gets spit out again. Repeat as necessary.

>> No.710062

>>709982
How do I get enough money to purchase one? What about insurance and other costs?

>> No.710929

>>710062
biggerpockets.com

You must know all of the rents and expenses of a property before buying and make sure it'll be a good deal.

>> No.710955

>>709847
>buy niche shit on alibaba
>sell that shit on ebay
>expand into a booming retail empire
>profit

>> No.710956

>>710955
Isn't this extremely saturated by now?

>> No.710966

>>710956

There are many things that people buy and sell.

>> No.711039

>>710966
Do you do this reselling thing urself?

>> No.711045

Buy properties, flats or office and rent them out.
My family has invested a lot in real estate, and all of my cousins have +5-6 flats and they receive around $1200-1700 per flat. Even my mom, which has no knowledge of investing, used to own 2 flats but currently have one that she rents out.

>> No.711089

>>711045
I'm all for this; my main issue at the moment is getting the hell out of the renting situation and grabbing my own place first. I'm thinking it's time for my girlfriend to pay rent/utilities/groceries or leave, I can't keep throwing money away if I want to invest well in the next 5 years.

>> No.711100

>>711045
>>709982
How does renting have a higher return than index funds?
Usually you get like 5% p.a. of the real estate value and that is before paying liabilities like insurance and repairs.
Also you have to buy a real estate that will actually appreciate in value.
Not to mention there is a big entrance barrier, because you need to have a significant amount of money to buy your first rental property. Unlike index funds where you can just add a bit of money to your portfolio with every paycheck.

>> No.711110

>>709847
Real estate. Buy and hold for rent checks. Management companies will take like 8% of rents

>> No.711113

>>711089
Most start with a duplex where renting half covers the mortgage thus eliminating a monthly expense.

>> No.711115

>>711100
I don't rent out, so I can't give the maths behind it, but renting returns a large amount of cash and at an increasing rate, as well as a common appreciation of value (like always, diversify and you'll do well). Index Funds return a small amount of cash with a common appreciation of value.

Renting should win out a majority of the time, but it is much harder to get into. I won't be in the renting business until my early 30s at the earliest.

>> No.711118

>>711113
I greatly underestimated what the rent payment is on most duplexes. Checking in my area it seems to start around 2k instead of 1k. I'll see about utilizing the FHA first time buyer's bonuses for getting a 200-250k duplex with 10k down payment. I might even stick out another year renting if I can find a good room mate or my girlfriend gets a job, wouldn't want to stretch myself too thin as I just paid off student loans.

>> No.711144
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711144

>>711118
>having a freeloading gf

My flatmate got back with his ex last year after she quit her job. Took her in for free. They broke up again 5 months later when he told her to start paying rent. Then he found out the bitch was cheating on him since 1 month after moving in.
She just went leech on some other dumbass.