Franchise vs. Rental Properties
11-30-2011, 12:06 PM
#11
i love reviving threads from the dead... 
what did you ever do Mingster?
I (like a dumbass) went to a Liberty Tax Franchise meeting in Virginia Beach about 4 years ago... it was sooooo stupid. I think you needed about 4-5 locations to possibly make enough to live... of course more locations = more franchising fees, etc.... it was the dumbest trip ever...i think at that time their average GROSS sales per location was about $35k per location.... ahhahaha...
like people said above, subway is way over done and you need slaves to work them.... and i think the net income from each one is probably about $30k if you are lucky (assuming you don't want to be that slave who works from open to close every f@#king day).
in the early 2000's i bought, rented and bought and sold about 35 houses... all city houses with starting prices between $5k and $35k.... i think i mostly made $15-$20k per house on average in the end plus all the cash flow from the ones that i rented for a few years then sold.... good business at the time but not now.... it is hard as shit to get a mortgage so there are not many buyers in my area.... i have a house that would have sold for $80k 5 years ago and i cannot give it away for $55k right now...
edit - if you bought and held and rented 15 houses at $700 a month each (assuming semi ghetto at that price)...you can probably net $60k a year if they are paid off... of course there is the issue of how to pay them off...lol..
what did you ever do Mingster?
I (like a dumbass) went to a Liberty Tax Franchise meeting in Virginia Beach about 4 years ago... it was sooooo stupid. I think you needed about 4-5 locations to possibly make enough to live... of course more locations = more franchising fees, etc.... it was the dumbest trip ever...i think at that time their average GROSS sales per location was about $35k per location.... ahhahaha...
like people said above, subway is way over done and you need slaves to work them.... and i think the net income from each one is probably about $30k if you are lucky (assuming you don't want to be that slave who works from open to close every f@#king day).
in the early 2000's i bought, rented and bought and sold about 35 houses... all city houses with starting prices between $5k and $35k.... i think i mostly made $15-$20k per house on average in the end plus all the cash flow from the ones that i rented for a few years then sold.... good business at the time but not now.... it is hard as shit to get a mortgage so there are not many buyers in my area.... i have a house that would have sold for $80k 5 years ago and i cannot give it away for $55k right now...
edit - if you bought and held and rented 15 houses at $700 a month each (assuming semi ghetto at that price)...you can probably net $60k a year if they are paid off... of course there is the issue of how to pay them off...lol..
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