If you had a hundred grand cash in your pocket...

[The Larch]

MAH CLIENT

That picture is from The Wire, you know. 

[CountDeMoney]

No, I wouldn't know.  And you know that. 

[Scipio]

MiM, you want to start a bail bonds business, I'm your front office nigga. 
You can be Mr. Big in the back office, whom I reference when I tell clients "Mr. Big will only accept XXX down for this bail", and you can glower at them through the venetian blinds accordingly.

If i were not a lawyer, this is what I would do.

Or just plain dirt.  Dirt is good.

[Ed Anger]

If you need a car repo guy, I can do it.

I need to bulk up and get a chain for my wallet tho.

MAH MULLET

[CountDeMoney]

MiM, you want to start a bail bonds business, I'm your front office nigga. 
You can be Mr. Big in the back office, whom I reference when I tell clients "Mr. Big will only accept XXX down for this bail", and you can glower at them through the venetian blinds accordingly.

If i were not a lawyer, this is what I would do.

Lawyers are another reciprocal relationship that can generate revenue streams for both parties. 

[CountDeMoney]

If you need a car repo guy, I can do it.

I need to bulk up and get a chain for my wallet tho.

MAH MULLET

Fuck that noise.  That shit's more dangerous than bail bonds. 

MAH ACKOORA

[grumbler]

If you are serious, MiM, I can see what books MHP could publish in the next year or so for $100k.  It wouldn't be a long-term thing, though, unless you wanted to buy in as a partner with some of that.

[OttoVonBismarck]

Otto, do you know what's the skinny on property management companies?

They can make sense, the more work you do personally for your rental business the more profit you make. Property management makes sense for basically three sets of investors as I see it:

1. Individuals who own a single property in addition to their residence that they would like to rent out, but have no means of maintaining. An example I've seen is basically a woman we know who is in her mid-60s, whose very elderly mother requires care and the woman decides to move in to her mother's house to take care of her. This leaves her own home vacant, and she decides to rent it out to generate income while dealing with end of life issues and such with her mother. As a mid-60s widow with no handyman skills or energy to deal with it, paying on average 10% of her rental revenue to the property management company to handle all the details makes sense.

2. Entry to midsize real estate investors who don't have enough time to manage their own properties and who can pay the property management fee and still generate a profit. This would technically be us, but we've gone another route that keeps our profit margins healthier. Generally the more properties they own the more likely you can pay for property management and still make an acceptable profit. People like my first example are just looking to generate a small amount of income and probably own their rental property outright (not really ideal for real estate investing, it's better to finance as much as possible vs own everything outright) whereas people in this category most likely have financed the purchase of 1-10+ properties.

3. Larger players. A lot of these are actually "real estate developers" who build huge condo or apartment projects. They don't want to be land lords of any one property for very long. With condos they usually sell as many condos as they can to start, and then will use a property management company to rent out the rest as they find buyers over time. Since these players are primarily in the business of developing real estate they aren't interested in holding any properties for long or managing them. When they build large scale rental developments their goal is to find a company that is in the large scale rental business to buy the whole complex from them. Sometimes these relationships can get to be "incestuous" you see a lot of times big property developers may have an ownership group that also owns a separate property management group and then one of their firms is a customer of the other. They also usually tend to make each individual development its own stand alone business and etc.

[lustindarkness]

I'd buy land for trees, the rotation I think is 5 years, so it starts paying back in 5 years, making money after 25. This would give me hunting land, airsoft land, off roading trails land, and a prepper bunker.

I'd invest in cake and ice cream too. 

[merithyn]

Do you have a great idea for a new microbrew?

Yes. I'd like to start a new honey-based microbrewery. Honey-flavored beers, honey wines, honey ciders.

Honey whiskey and meads are becoming kind of big right now. I think a honey-based brewery would go over really well.

[grumbler]

I'd buy land for trees, the rotation I think is 5 years, so it starts paying back in 5 years, making money after 25. This would give me hunting land, airsoft land, off roading trails land, and a prepper bunker.

I'd invest in cake and ice cream too. 

I think we have the winner.

[Eddie Teach]

No, I wouldn't know.  And you know that. 

How do you know you hate it if you haven't seen it? And how do you not recognize Idris Elba if you have? 

[Maximus]

I'd buy land for trees, the rotation I think is 5 years, so it starts paying back in 5 years, making money after 25. This would give me hunting land, airsoft land, off roading trails land, and a prepper bunker.

I'd invest in cake and ice cream too. 

What kind of trees are we talking? Christmas trees? nursery? softwoood? pulp? hardwood(unlikely at 5 years)?

[merithyn]

I'd buy land for trees, the rotation I think is 5 years, so it starts paying back in 5 years, making money after 25. This would give me hunting land, airsoft land, off roading trails land, and a prepper bunker.

I'd invest in cake and ice cream too. 

What kind of trees are we talking? Christmas trees?

Can I come work on your farm if you grow Christmas trees?

[lustindarkness]

I'd buy land for trees, the rotation I think is 5 years, so it starts paying back in 5 years, making money after 25. This would give me hunting land, airsoft land, off roading trails land, and a prepper bunker.

I'd invest in cake and ice cream too. 

What kind of trees are we talking? Christmas trees? nursery? softwoood? pulp? hardwood(unlikely at 5 years)?

Well, down here (MS, AL, GA, FL) many people do this with pine trees. They grow fast enough that a plot will be ready to cut in 5 years, so you have 5 plots in rotation. I know of someone in GA that did this and paid off his land, house and initial investment in 15 years, but if I remember right, most already had good trees to begin with.

I guess hardwoods would take a lot longer but make good money on the long run?