[roastbeef]

i'm sure there is a good amount of successful people on this board, so i thought i would throw this out there and see what ideas i get.

i'm looking to invest money. i have two real estate properties and would like to play around with $100k. i have dabbled in vending machines in the past, and one of my properties is a rental. i'm not opposed to buying another rental property, but i want to see what other interesting ideas you guys may have experience with.

one thing i have a draw towards is billboards. anyone have experience in this field?

i'm not one to gamble with this much money, i would like to have predictable or calculated returns. i will not use this much money for stocks.

i work full time, but i do have time for about ten hours (maybe a little more) a week for management or oversight. ideas?

[Quicksilv3r]

$100K in the classic car market could go a long way if you know what to look for and how to market them. Keep a close eye on the big auto auctions (Mecum/Barrett-Jackson/Bonhams/Gooding & Co./etc.) and what certain models are going for within your price range. Originality is key, stay away from resto-mods. Mini cars have been hot lately; rare-coded early T-birds ('55, '56, '57) will always be popular among the masses. '60's 190SL Mercedes' are also coming into their own as of late, a car that was once worth no more than $35K that is now valued between $80K-$110K. I've seen a few well-restored examples bring even more. Nicely restored '50's and early '60's (pre-1967) VW beetles will be forever popular (even if Top Gear hates them, everyone else seems to love them); I've bought and sold nearly a dozen examples in the past 6-7 years and never lost any money on one. Short term returns of <$5K-10K are a more comfortable bargain than the long term instability of the housing market (and I'm in the mortgage business) or worse, the stock market. If you buy from an auction (not recommended), know & understand the bidding process and set a max bid for yourself; know when to walk away before you're in too deep. Don't fall in love with the cars you buy and deal with private owners where possible.

Antiques are another outlet (especially American antiques), but you'd need to be well-versed in that field before opening that door. Too many reproduction items out there to trick a novice's eye.

[gtron]

no offense but unless you have an amazing talent for all things cars, betting on cars is gambling. my guess is that since the OP doesn't want to invest in stocks, (s)he will not be interested in betting on cars.

if i'm wrong, sorry.

[P1]

How did the vending machines work out for you? Lot of work for little return or the opposite?

[bimmerfrk]

Open a pawn shop. You have no idea how much gold comes in. People steal gold and go to pawn shops to sell it and fuel their drug habits. A buddy of mine has one on LI and on good weeks clears 4-6K in gold, plus other jewelry like luxury watches. Im sure places in NYC clear much more. Just make sure you know how to test gold for its level of purity very accurately because thats were the profit comes from.

[Quicksilv3r]

Originally Posted by bimmerfrk

Open a pawn shop. You have no idea how much gold comes in. People steal gold and go to pawn shops to sell it and fuel their drug habits. A buddy of mine has one on LI and on good weeks clears 4-6K in gold, plus other jewelry like luxury watches. Im sure places in NYC clear much more. Just make sure you know how to test gold for its level of purity very accurately because thats were the profit comes from.

Starting a business is no easy feat. Surety bonds, insurance, payroll (if applicable), licensing, etc. It's a big operation that tends to be closely monitored, at least in Georgia anyway. I once thought about opening a used car lot (buy here/pay here type) and with all the state regulations/requirements, along with the money needed to initiate the process has pretty much turned me off on the idea. That said, $100K could open a sweet car lot w/ a full inventory Hit the auctions every week, list the down payment @ 30-80% of cost (<$20K cars), collect on a few payments and if they buyers default, repo the car yourself and resell it, you've already made your money back so the next sale is 100% profit. And yes, it really is as easy as it sounds.

[Seminole]

Originally Posted by Quicksilv3r

Starting a business is no easy feat. Surety bonds, insurance, payroll (if applicable), licensing, etc. It's a big operation that tends to be closely monitored, at least in Georgia anyway. I once thought about opening a used car lot (buy here/pay here type) and with all the state regulations/requirements, along with the money needed to initiate the process has pretty much turned me off on the idea. That said, $100K could open a sweet car lot w/ a full inventory Hit the auctions every week, list the down payment @ 30-80% of cost (<$20K cars), collect on a few payments and if they buyers default, repo the car yourself and resell it, you've already made your money back so the next sale is 100% profit. And yes, it really is as easy as it sounds.

Until you get the shit sued out of you for predatory lending. Nobody with a set of morals would start a business like that just to fuck over people.

[2011CrazE89]

Invest in me. I have a very promising future

[roastbeef]

Originally Posted by Quicksilv3r

$100K in the classic car market could go a long way if you know what to look for and how to market them. Keep a close eye on the big auto auctions (Mecum/Barrett-Jackson/Bonhams/Gooding & Co./etc.) and what certain models are going for within your price range. Originality is key, stay away from resto-mods. Mini cars have been hot lately; rare-coded early T-birds ('55, '56, '57) will always be popular among the masses. '60's 190SL Mercedes' are also coming into their own as of late, a car that was once worth no more than $35K that is now valued between $80K-$110K. I've seen a few well-restored examples bring even more. Nicely restored '50's and early '60's (pre-1967) VW beetles will be forever popular (even if Top Gear hates them, everyone else seems to love them); I've bought and sold nearly a dozen examples in the past 6-7 years and never lost any money on one. Short term returns of <$5K-10K are a more comfortable bargain than the long term instability of the housing market (and I'm in the mortgage business) or worse, the stock market. If you buy from an auction (not recommended), know & understand the bidding process and set a max bid for yourself; know when to walk away before you're in too deep. Don't fall in love with the cars you buy and deal with private owners where possible.

Antiques are another outlet (especially American antiques), but you'd need to be well-versed in that field before opening that door. Too many reproduction items out there to trick a novice's eye.

i like the idea, and i have a friend that restores cars for about a $10-15k profit, but the problem is i don't have anywhere to store them. i'm sure he is networked enough to get me started though.

Originally Posted by P1et

How did the vending machines work out for you? Lot of work for little return or the opposite?

40-55% profit margins and very easy, brainless work. a quick spreadsheet keeps basic track of inventory. i had a small operation (four machines, two locations). it would have been more ideal to have around 10-15 machines, but i didn't want to invest more money to cultivate it. taxes sucked. i tried to do it the right way, and after being cgratuitously bent over non-business friendly california, i got sick of that part of it.
it can be a very lucrative business though, make no mistake. there are multi-millionaires that made their money $0.50 at a time. my top grossing machine made around $800 a month (~$400 profit).
if i had high school age children, i would give them each a few machines to own and maintain. it would teach them all the fundamentals of running a business on a very small scale.
i got out of it to help fund a real estate purchase.

Originally Posted by bimmerfrk

Open a pawn shop. You have no idea how much gold comes in. People steal gold and go to pawn shops to sell it and fuel their drug habits. A buddy of mine has one on LI and on good weeks clears 4-6K in gold, plus other jewelry like luxury watches. Im sure places in NYC clear much more. Just make sure you know how to test gold for its level of purity very accurately because thats were the profit comes from.

no time for that.

[N55]

Day Trade the stock market. That's what I do, great returns (if you know how to play it right).

With $100k you can easily rack $2000 - $5000 / day. (Don't ask how i know ;-))


You can lose big too......

[NemesisX]

Originally Posted by N55

Day Trade the stock market. That's what I do, great returns (if you know how to play it right).

With $100k you can easily rack $2000 - $5000 / day. (Don't ask how i know ;-))


You can lose big too......

Wow! No kidding?! People can easily make 2-5% (initially) per day through day trading?

Congratulations on easily achieving a level of performance that far outpaces even the top hedge funds on earth at the tender age of 18

[roastbeef]

Negative on day trading.

[Ben2k9]

Originally Posted by NemesisX

Wow! No kidding?! People can easily make 2-5% (initially) per day through day trading?

Congratulations on easily achieving a level of performance that far outpaces even the top hedge funds on earth at the tender age of 18

lol...

Let's do the math on that one...2-5%, so let's say an average of 3.5% per day. If the money compounded you'd have $97 million dollars by the end of the year, assuming 200 trading days.

If you just took out your profits everyday and traded with the $100k only ever day, then that's just a mere $700k per year in income.

Hey look, a unicorn!

[F1Venom]

If you had $340k you could invest in a Lexus LFA. These cars have begun appreciating and I wouldn't be surprised to see them in the $500s within a few years.

[MilehighM3]

What about short term loans for real estate? A good friend of mine does this, mostly for people who flip houses. They want to avoid the closing and origination costs so they pay a higher rate. Typically in the ~20-22% range. The loans mature in 6 months and are due in full or he takes the property. It's worked out very well for him with the majority of the loans paid early in 3-4 months. That saves a headache and minimizes the return, but it frees the cash back up to start again. Then you can snowball that cash towards bigger loans or a greater number of them. Worst case scenario is you repossess a house that's partially or mostly renovated, finish the project and sell it yourself for an even greater profit.

[Nkc]

Originally Posted by Ben2k9

lol...

Let's do the math on that one...2-5%, so let's say an average of 3.5% per day. If the money compounded you'd have $97 million dollars by the end of the year, assuming 200 trading days.

If you just took out your profits everyday and traded with the $100k only ever day, then that's just a mere $700k per year in income.

Hey look, a unicorn!

LOL Lovin it. My best friend trades daily on the HKEX. Its glamorous at times but this game is about the long term. You could be up 3%-10% a day for the first 4 days of the week and lose it all on the 5th day. You just spent a week of work, busting ass and investing your own money into nothing. Sadly, most of the time people get cocky and go big since it seems easy. That's the time they lose it all and fall really hard.

Overall tough way to make a consistent and reliable return on. Highly not recommended. I'd rather buy a 1M's, enjoy it and sell it with a profit after several years or hit the casino and test your luck. The stock market is for sharks and let's be honest, no one here is a shark.

[roastbeef]

Originally Posted by MilehighM3

What about short term loans for real estate? A good friend of mine does this, mostly for people who flip houses. They want to avoid the closing and origination costs so they pay a higher rate. Typically in the ~20-22% range. The loans mature in 6 months and are due in full or he takes the property. It's worked out very well for him with the majority of the loans paid early in 3-4 months. That saves a headache and minimizes the return, but it frees the cash back up to start again. Then you can snowball that cash towards bigger loans or a greater number of them. Worst case scenario is you repossess a house that's partially or mostly renovated, finish the project and sell it yourself for an even greater profit.

i like this idea. i have looked into borrowing from a "private money lender" in the past to get into a property (i opted not to borrow private money).

i have about $30k liquid to invest and could pull $70k out of my house with a goal of paying the $70k back in a short term (3-4 years). borrowing equity to lend it to someone else just involves too much risk i would think.
perhaps i could do it with the $30k and snowball it from that point. maybe lend to people who need quick cash for closing costs or a down payment or something?

[MrPrena]

After HFT, day trading has become intraday or short term.

I would be really happy to do 2-5% per WEEK!

If I did that since the 1st day of investing/trading, i would literally be a billionaire by now. BTW, I invest for a living. That is my main source of $$$, and I kid you not, it is easier to make $10k or even $450k as an employee than a stock market.

Originally Posted by N55

Day Trade the stock market. That's what I do, great returns (if you know how to play it right).

With $100k you can easily rack $2000 - $5000 / day. (Don't ask how i know ;-))


You can lose big too......

Originally Posted by NemesisX

Wow! No kidding?! People can easily make 2-5% (initially) per day through day trading?

Congratulations on easily achieving a level of performance that far outpaces even the top hedge funds on earth at the tender age of 18

Originally Posted by Ben2k9

lol...

Let's do the math on that one...2-5%, so let's say an average of 3.5% per day. If the money compounded you'd have $97 million dollars by the end of the year, assuming 200 trading days.

If you just took out your profits everyday and traded with the $100k only ever day, then that's just a mere $700k per year in income.

Hey look, a unicorn!

[gtron]

Originally Posted by roastbeef

i will not use this much money for stocks.

read the original post and shut the hell up about stocks. there's already a thread for stocks. go post there. effing ruining a potentially good thread.

[bimmerfrk]

Originally Posted by gtron

read the original post and shut the hell up about stocks. there's already a thread for stocks. go post there. effing ruining a potentially good thread.

Sounds like you lost some money in the market today

[gtron]

Originally Posted by bimmerfrk

Sounds like you lost some money in the market today

to be honest, it was early and i was on my first cup of coffee. i clicked this thread thinking there might be something unique in here and when it was the same ol' stuff. i might have over reacted. hehe

[TXSTYLE]

I suggest grabbing a rental property or two and calling it a day. ;-)