Investments?

[froghunter]

Aside from real estate and the stock market what would be some good investments. Something kinda hands off, maybe along the lines of a car wash, laundry mat..... I have a buddy that is looking for ideas.

[gmac]

Storage units

[outlook8]

Storage units

X2

[10132297]

Buy two acres put a security fence around it and cover the entire surface with road base. Then let people store boats and recreational vehicles on it...preferably close to a high class neighborhood where residents pick up dog crap with plastic bags..

[WalkieTalkie]

Car washes and laundry mats are not 'hands off'

I know people in both businesses and It consumes them

[12RingKing]

I've been thinking about storage units. Unfortunately it's a super competitive market. Atleast around here it is

[refugioco]

I would think real estate in Bryan, College Station would be good.

[M16]

I've had very good luck with investing in local hometown banks. You won't hit a home run but they can be steady cash cows. As with any investment do your homework before you invest.

[WBT]

I've had very good luck with investing in local hometown banks. You won't hit a home run but they can be steady cash cows. As with any investment do your homework before you invest.

This can be very lucrative, but you have to do your due diligence on the particular bank.

[froghunter]

Car washes and laundry mats are not 'hands off'

I know people in both businesses and It consumes them

What eats up so much time?

[clffrdfdge]

Car washes and laundry mats are not 'hands off'

I know people in both businesses and It consumes them

^
What he said, high maintenance!

[clffrdfdge]

What eats up so much time?

People tearing your stuff up, mechanical breakdowns, etc.

Laundromat machines breaking down, people overloading them, hoses leaking, keeping it clean when people don't care and throw soap everywhere or using the wrong soap or to much in frontload washers etc.

[easeup]

back to square one........buy more land

[one66stang]

I've had very good luck with investing in local hometown banks. You won't hit a home run but they can be steady cash cows. As with any investment do your homework before you invest.

I guess my ignorance is showing. How do you invest in a bank?

[Lexington]

This can be very lucrative, but you have to do your due diligence on the particular bank.

Can you explain this? I've never heard of anyone buying a bank.