Posted by Randy on October 20, 2004 at 23:03:44:
I agree with Mike. Holding title is what makes being a landlord so very profitable in the long run. There are many business that you can make a nice annual income, just like in LLing. But most of them do not give you the huge capital gain over time that is common in RE investing.
Car Wash - Posted by Jay(OR)
Posted by Jay(OR) on October 08, 2004 at 17:47:20:
Hello, there is a car wash for sale in my town. Business only. 5 self cleaning bays. 1 drive-thru wash. 1 shop area for detail shop. 3 vaccuum bays. Asking price is $30,000. What are your first impressions?
Re: Car Wash - Posted by Mike
Posted by Mike on October 09, 2004 at 11:43:04:
I would only buy it if i could purchase the building as well.