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my investment property, a residential duplex in the midwest, has a better MRR than most of these. total cost? a month of my time looking at houses and negotiat
by thursday0987 6y ago
my investment property, a residential duplex in the midwest, has a better MRR than most of these.
total cost? a month of my time looking at houses and negotiating, which i enjoyed, and about 45k downpayment.
plus i get all the tax writeoffs that property ownership brings.
most of these "startups" seem like more work than they are worth.
- bgdkbtv 6y agoYou got downvoted because this is a tech oriented audience, but you are sadly correct.
- shard 6y agoYou bring up a few good points with your post. First is that expenses are crucial in helping to determine how the company is doing. You might have mortgage and maintenance expenses that put you in the red, despite your greater than $1k MRR. Same with the startups in the list. Second, the growth potential: your real estate business has a fairly well understood long term revenue growth profile, assuming it is located in a mature economy, with obvious caveats of neighborhood changes in popularity, infrastructure, beneficial and detrimental facilities, while a startup at $1k/MRR can be already capped in growth or have an unknown growth potential, depending on the type of business and the market it is in.
- thursday0987 6y agooh, no. i actually net 1150 in profit each month, including all expenses, capex, and savings for emergencies.