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I think this is great. Vegas is the perfect spot. It was overbuilt, there is lots of extra supply, and lots of tourists. Great they made it happen. I would
by mathattack 13y ago
I think this is great. Vegas is the perfect spot. It was overbuilt, there is lots of extra supply, and lots of tourists. Great they made it happen.
I would think there are two dangers:
1) It can take a lot of time, and time is money. If you make 200K/year, your time is worth ~100/hour. Spending 100 hours on this takes away a 10K profit.
2) You are the on the hook for big surprises: Theft, something breaks, etc.
But again, great for the OP!
- camus2 13y ago2) or just getting caught by going public with it... People should not boast about something that is illegal in a state...
- nilkn 13y ago> If you make 200K/year, your time is worth ~100/hour. Spending 100 hours on this takes away a 10K profit. Stuff like this doesn't make much sense if you're salaried. People like to break down salaries by the hour, but it's just not true. You can put in all the overtime you want and not see an extra penny of profit, at least not directly. You'll only benefit from it if you actually get a promotion or raise as a direct result of the extra work. If you're contracting, though, and actually charge by the hour, then this calculation makes sense. Also, this is tangential, but $200k is hardly an even remotely typical salary for a developer in the US.
- mathattack 13y agoOk - 100k and it's 50 an hour. You could be freelancing with that time. Unless you get enjoyment out of rebuilding homes and customer service. In that case, knock yourself out and do 2 more. Or plow the earnings into a housing empire and do it full time.