Alternatives to no rent
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Alternatives to no rent (by Richard [MI]) Apr 5, 2021 3:46 PM
       Alternatives to no rent (by Ray-N-Pa [PA]) Apr 5, 2021 4:29 PM
       Alternatives to no rent (by Still Learning [NH]) Apr 5, 2021 4:49 PM
       Alternatives to no rent (by Richard [MI]) Apr 5, 2021 6:40 PM
       Alternatives to no rent (by T [IN]) Apr 5, 2021 6:53 PM
       Alternatives to no rent (by Still Learning [NH]) Apr 5, 2021 9:13 PM
       Alternatives to no rent (by small potatoes [NY]) Apr 5, 2021 11:31 PM
       Alternatives to no rent (by Oregon Woodsmoke [ID]) Apr 6, 2021 10:55 AM
       Alternatives to no rent (by Oregon Woodsmoke [ID]) Apr 6, 2021 11:43 AM
       Alternatives to no rent (by Landlord ofthe Flies [TX]) Apr 6, 2021 2:24 PM
       Alternatives to no rent (by Richard [MI]) Apr 6, 2021 6:49 PM
       Alternatives to no rent (by rani3182 [TX]) Apr 7, 2021 5:10 PM

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Alternatives to no rent (by Richard [MI]) Posted on: Apr 5, 2021 3:46 PM
Message:

Some of us are considering alternative investments with some of our proceeds generated from sales of properties. Let's think of a few:

Now don't get me wrong, I love real estate and rentals. They have been good to me. I especially like the leverage afforded. Considering what's going on though, some of us are considering other ways to put some of our funds to work.

I'm interested in most anything and anywhere that's legal at this time until/if things get more reasonable.

I'm seeing other investments as temporary alternatives, at least for a bit.

I'll offer up 3 to start things off.

1. Sailboat rentals. There's plenty of places. There are management companies, just like in real estate that will take care of everything.

2. Small portable sawmills. These cost between about 2K and 10K, depending on size, maker and so on. Have you seen the price of lumber lately. You can hire someone to do the labor. Make dimension lumber (2x4's,beams, etc) slabs for mantels or bars, etc. Does not require a lot of room. Trees are pretty readily available.

3. Sail/motor boat cruises. Look up the Great Loop (info readily available ). It goes from the Great Lakes down to the Gulf then around and up the intercoastal waterway, the Hudson River, the Erie canal and then back through the Great Lakes. Loopers do this in about 9 months but you can extend time to take longer if you want. If you booked sections of it with a few passengers, say 2 weeks or a month at a time , you could make several thousand a month on ONE boat. Sailboats work fine or motor yachts/cruisers.Stop on the rivers and lakes, It could be a good thing. Also, no property taxes.

Other ideas???

--24.180.xx.xx




Alternatives to no rent (by Ray-N-Pa [PA]) Posted on: Apr 5, 2021 4:29 PM
Message:

Air BnB? --24.154.xx.x




Alternatives to no rent (by Still Learning [NH]) Posted on: Apr 5, 2021 4:49 PM
Message:

Sailboat rentals? Are you referring to purchasing a new boat that goes into a charter fleet that you then own in 5 years? I thought that was more of a neutral cash flow and not a money maker. The benefit if you are a sailor and like to travel is that you are allowed x number of charters around the world within their network for little to no cost during the time your boat is in the charter fleet. --75.67.xxx.xxx




Alternatives to no rent (by Richard [MI]) Posted on: Apr 5, 2021 6:40 PM
Message:

Still Learning,

No, I was referring to buying a used sailboat and putting it with a management company someplace. They handle rental and maintenance. You get a check whenever it's rented. Some are just rented and some have a captain/crew, depends on the size, etc.

Yes, the boat depreciates instead of going up in value, but you get a higher return (hopefully) during the time you have it. You sell it at some point when it's to your advantage.

Comparing it to houses , if you have a Class A or B, the house will be worth more over a reasonable time, BUT if you compare it to a Class C or D place that has little chance of appreciation, it might not be such a bad deal.

Plus, sometimes you can use the boat yourself during weeks when it might not be rented.

I knew someone who did this and they made more net money doing it than they did on a Class C unit that only rented for $500 per month. --24.180.xx.xx




Alternatives to no rent (by T [IN]) Posted on: Apr 5, 2021 6:53 PM
Message:

Digital assets. Think websites....no property taxes, insurance, tenants, landlords tenant laws. I'm currently doing lots of research into it... --174.228.xx.xxx




Alternatives to no rent (by Still Learning [NH]) Posted on: Apr 5, 2021 9:13 PM
Message:

Interesting. My own experience with boats is they are a money pit. They say the happiest days are purchase and sold. Although I disagree and enjoyed many a days sailing and some great cruising, our 36 is up for sale and the sale fell through the first 3 times. Hoping this current offer turns into a sale. They do depreciate. I would think it would be less a money maker and more like renting our ski condo which covers or comes close to covering costs and affords us a second home that we can use without it costing us much. --75.67.xxx.xxx




Alternatives to no rent (by small potatoes [NY]) Posted on: Apr 5, 2021 11:31 PM
Message:

the Erie canal AKA Mohawk River is beautiful and low key. You just have to get through all the locks. --24.194.xxx.xxx




Alternatives to no rent (by Oregon Woodsmoke [ID]) Posted on: Apr 6, 2021 10:55 AM
Message:

On the plus side for that, the government is very unlikely to seize your sailboat or to require you to give free cruises to Section 8 tenants.

They can tax your boat and your slip at a high rate since sailboats are "white privilege" and belong to the upper incomes who should be supporting everyone else. So it would be fair to tax your boat business to death.

My family enjoys our boat, but I wouldn't allow anyone else to take it out and use it. It's too easy to do expensive damage to the boat. Friends can come along as passengers while they are closely supervised.

I'd be careful about liability when renting out boats. --76.178.xxx.xxx




Alternatives to no rent (by Oregon Woodsmoke [ID]) Posted on: Apr 6, 2021 11:43 AM
Message:

The boat business could be run out of the Caribbean, outside of US government reach. Weather is good for cruising there, too.

Tourist business with boats should be good in the Mediterranean also, but I am completely ignorant about their tax laws. Plus, the weather isn't as good in the Med. But it would be fun. --76.178.xxx.xxx




Alternatives to no rent (by Landlord ofthe Flies [TX]) Posted on: Apr 6, 2021 2:24 PM
Message:

I like the Caribbean charter boat business idea. Just get a large boat and rent it with crew. Crew maintains responsible care so it has a better chance of not getting trashed or wrecked. Of course, with crew, I'm not sure how profitable it is. But it would be an awesome business to own offshore.

Personally I'm looking for non USD investments. The way we're accumulating debt, the dollar won't be worth much so I'm looking for investments that pay in non-US dollars. --108.69.xxx.xxx




Alternatives to no rent (by Richard [MI]) Posted on: Apr 6, 2021 6:49 PM
Message:

LLOTF,

There are tree plantations in central america that yield about 8 percent. Also there are managed forests in other places, like Bulgaria. You buy, your investment is managed so it goes on (hopefully indefinitely), you get a check. Buy for your kids. Tell your daughter that she is now a Bulgarian Timber Baroness (if you have a daughter). The look on their face is priceless. There are sites that discuss this. Precioustimber (dot) ... comes to mind.

--24.180.xx.xx




Alternatives to no rent (by rani3182 [TX]) Posted on: Apr 7, 2021 5:10 PM
Message:

I would love to invest in something outside of the US. Prefer central america as its closer! :) --73.166.xxx.xxx



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