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  1. #1
    danny x Guest
    Wondering if those owner/operators of HVAC/R businesses own other businesses as well, and what they might be.

    Dan

  2. #2
    Join Date
    Jun 2004
    Location
    Howell, Michigan
    Posts
    16,184
    My wife and I have commercial rental property

  3. #3
    Join Date
    Feb 2003
    Location
    S.W. PA
    Posts
    3,298
    I used to have rental properties
    now i am also doing "flip houses"
    buy em cheap fix em up sell em high

  4. #4
    Join Date
    Mar 2003
    Posts
    7,326
    rental property also. if you buy well, you can sit back and enjoy the profit each month. i have a cabin that nets in one weekend enough to pay all costs on itself. i use it for ski weekends all winter.

  5. #5
    danny x Guest
    I am starting to see a trend

    Dan

  6. #6
    Join Date
    Nov 2000
    Location
    Coastal Georgia
    Posts
    34,902
    Rentals and starting something else.

  7. #7
    Join Date
    May 2000
    Location
    Colorado flatland native
    Posts
    15,067

    Rentals and I guess theyre called Flip Houses

    here too. Should net an extra 60 grand this year off them. Finishing my last one now. Bought it in lousy shape for 32,000, putting 15 in it, should sell for a little over 100.

    [Edited by spotts on 10-04-2005 at 11:00 AM]
    My doctor gave me six months to live, but when I couldn't pay the bill he gave me six months more.
    Walter Matthau

  8. #8
    Join Date
    Mar 2005
    Location
    burlington county n.j.
    Posts
    9,765
    rental triplex, looking for another or flip house.

  9. #9
    Join Date
    Nov 2000
    Location
    Coastal Georgia
    Posts
    34,902
    The best thing going is land in areas where growth is projected. Less troubles than buildings

  10. #10
    Join Date
    Mar 2003
    Posts
    7,326
    for anyone out there who is doing some real estate, if you use an inexpensive property to build to a more expensive one, there is a tool called a 1031 tax free exchange. this can save you thousands in taxes depending on your situation. my latest saved me just under 23 g's, of course i did have to buy another property. if you need info, google 1031 exchange

  11. #11
    Join Date
    May 2004
    Posts
    12,292
    I have a monkey with a tin cup and with my organ grinder we produce enough income to .... never mind....



  12. #12
    Join Date
    May 2001
    Location
    Bennington, Vermont U.S.A.
    Posts
    13,864
    We have several real estate investments as well. Unless you can run it full time I would suggest not getting into renting residentual. One of the worst things I ever did. Really is a PIA. There is far less were and tear on yourself and your property if you go commercial.

    When I retire I will probably do some flip houses.

    Back when the kids where little we had an ice business. That was a fun thing. The kids would help me deliver ice on the weekend. They helped my wife bag up the ice during the week. We made enough money one year to fly us all down to DisneyWorld. So they were happy.


  13. #13
    Join Date
    Aug 2004
    Location
    Howell MI
    Posts
    420
    Alot of Companys I've worked for over the years ( not all Hvac) have had rental propeties. Its great to keep a constant income it helps during the slow times and during big jobs ya don't get paid till the end.

    Someday I hope to start getting rental properties, to gain money cause it takes money to make money.
    Hire Me....

    Benny

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