I'm starting my second business right now. I also have an idea for a third. I'm just trying learn as much as I can.

 

What kind of business are they?

 

1st is furniture repair for factories and buying and reselling, second is custom furniture building/cabinetry/etc.

The second was mainly created due to my dad recently losing his job. I have created it really for him and and good friend. Know anybody that needs something built? I'll have a website for it done soon.

Third is just a work in progress...

 

Sounds cool.

Now you just gotta work on making it known.

I prefer dealing with a few large sales every year, rather than a lot of little things. I went in with my dad on some things down at the lake, like flipping several lots at a time over the course of 6-12 months. The market the past two years was outrageous, its sort of leveling out now. I simply invested a little money into 3-4 lots and took the profit from those sales and invested more percentages into further lots...Kind of a snowball effect. Worked well, and I havent needed a job this past year.

Now I do though Need money for mods!!

 

I want in on that!

 

Me too.

I have actually thought about starting a real estate venture... Especially since houses are about to foreclose at a ridiculous rate. Maybe that'll be number 4?

 

Haha yeah, well to put it in perspective. You could get a large lot (2 yrs ago, not now) for around $500,000...Sub devide it into three smaller lots with about 75-100ft of shoreline, clear the trees, etc. Then turn around and put them up individually for $230-250k (6-12 months later). So with two sales, you cover the first cost, then with the third sale its all profit+the money it took to sub-devide and clear ($10-20k I believe). So yeah, you can make what most weathy people make in a year, in a matter of 6-12 months without actually 'working.' Thats the way I like it.