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> For example, in the Denver area (just to pick a random place), there's a laundromat for sale for ~260K, I'd just live off of the $260K (plus the interest I'd
by UncleOxidant 3y ago
> For example, in the Denver area (just to pick a random place), there's a laundromat for sale for ~260K,
I'd just live off of the $260K (plus the interest I'd make having it in tbills) until I could draw SS (which is only about 5 years out). In reality, that's probably what I'll do (though I don't have $260K outside of retirement accounts - more like $150K).
- Jemaclus 3y agoWell, certainly, but just to be clear, I wasn't assuming you had 260K cash. I didn't add this in my original post, but a small business loan wouldn't be too hard to get to do something like this, and so there's little-to-no out-of-pocket risk on this kind of thing, and instead you'd just make a few grand a month. It's not passive income by any means, but at least you control your own destiny here. Anyway, good luck. Hope you figure something out. :)