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re: how hard is it to buy into a franchise business
Posted on 4/24/24 at 11:01 pm to Fat Bastard
Posted on 4/24/24 at 11:01 pm to Fat Bastard
quote:I'm glad you've found that deal for yourself. In no way is that somehow the prevailing market clearing rate that anyone can just sign up for.
i coulda said RE rentals where he can get 20 and 30% like i am getting now.
quote:What earnings yield do you think one can just casually sign up a franchise and receive?
a franchise with that amount of return and risk
0
Posted on 4/25/24 at 1:33 am to LordAkri67
quote:Slower paced than Fairhope, Alabama? College Station??
some place slower paced
Posted on 4/25/24 at 6:16 am to LSURussian
You should consider buying a franchise that is already operating at a profit vs. starting one from scratch.
Posted on 4/25/24 at 6:32 am to LordAkri67
quote:
Me and the wife are talking about moving to a different state, some place slower paced. And we was discussing jobs and what not but what if we took 150-200k and threw it at a popular franchise business...
Buying a job and an expensive one at that. I have respect for folks who have the balls to do something like this. I'm not that guy though.
Posted on 4/26/24 at 9:21 am to Billy Blanks
Yeah franchises are appealing from an established infrastructure and customer base aspect, but you're always going to be paying someone money that you're earning. Personally, I'd rather build a business from scratch which is a different set of headaches and risks, but if you're willing to put in the work and take a risk, I don't have the desire to make someone else money for the rest of your career in the franchise.
Posted on 4/26/24 at 9:51 am to WhiskeyThrottle
If you’re only going to own one franchise it’s like buying a job for yourself.
If you have to tie a lot of money in it just to work your tail off take that into your calculation as well.
If you have to tie a lot of money in it just to work your tail off take that into your calculation as well.
Posted on 4/26/24 at 10:39 am to weadjust
Makes me sad that the greedy corporate fricks destroyed the best sandwich chain.
Posted on 4/26/24 at 12:16 pm to Billy Blanks
I know a guy who is taking his entire retirement portfolio out to finance a franchise. I think I've lost more sleep over it than he has. 
Posted on 4/30/24 at 8:23 am to Fat Bastard
quote:
you can get 7k a month doing nothing and throwing it into QYLD or RYLD.
Please explain how this works like I went to Louisiana public school.
Posted on 4/30/24 at 9:47 am to Fat Bastard
quote:
i coulda said RE rentals where he can get 20 and 30% like i am getting now.
But what year did you buy these?
I’d like to buy in but I look all around me and I can’t find anything that would sniff the 1% rule.
Posted on 4/30/24 at 11:56 am to ValhallaAwaits
quote:
you can get 7k a month doing nothing and throwing it into QYLD or RYLD.
Please explain how this works like I went to Louisiana public school.
That's a 12% return on an ETF (Exchange traded fund) in the stock market, $84,000/ year on $700,000 investment.
Posted on 4/30/24 at 11:57 am to GeauxTigers123
quote:
But what year did you buy these?
I’d like to buy in but I look all around me and I can’t find anything that would sniff the 1% rule.
Its not anywhere close to being easy, you are absolutely right. Finding a great rental property in a C neighborhood is better is extremely tough.
ETA: I haven't really been looking lately. But I kick myself all the time about how many good properties were out there from 2009-2014ish. My wife held me back and I should have just ignored her and risked divorce. I could have many millions more. I had many offers on properties that were being sold for $70-90 k and renting for $750-1000/ month that are now selling for $220-275k and renting for $2000-$2500/ month. I'm talking just 1000sf houses and townhomes.
You have to find them off the market. Generally going through wholesalers or getting them by wholesale. The people that have the signs "we buy houses cash now"
This post was edited on 4/30/24 at 12:01 pm
Posted on 4/30/24 at 1:03 pm to GeauxTigers123
(no message)
This post was edited on 5/1/24 at 1:00 pm
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