Thread: Self-builder's dream

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Dont fool yourself, if you do it on the cheap, it wont fly at all. IF you do it right, the odds are that it may not fly.

IF I had the $800K++ that it would take to get such an enterprise going (just going, not sustained), I would take that money and let a professional money manager invest it for me and he would monitor the account for me......and I would make 12% average over the last four years and the principal would be relatively safe. I would never have to think about the decisions regarding what to do, what stock to buy, etc.

Much easier than dealing with the public, insurance, taxes, permits, lawyers, inspectors, and the like.

mike in tucson

Years ago there were a few similar ventures, although on a smaller scale, usually locally owned and operated. None exist today that I know of. As Robot said, lots of issues, like insurance, etc.

The concept seemed good, you have a garage where people can come and rent space, tools and equipment to fix or buid their cars. Problem is, building a car takes up tons of room for a very long time. You can't get someone to pay enough to give you any return on your investment.

Some car clubs have tried this too, and maybe some have made a success out of it, but do it more as an accomodation to the members as opposed to something that actually makes any money.

Good thought, but I don't see how it could work.

Don

Originally Posted by robot

Dont fool yourself, if you do it on the cheap, it wont fly at all. IF you do it right, the odds are that it may not fly.

IF I had the $800K++ that it would take to get such an enterprise going (just going, not sustained), I would take that money and let a professional money manager invest it for me and he would monitor the account for me......and I would make 12% average over the last four years and the principal would be relatively safe. I would never have to think about the decisions regarding what to do, what stock to buy, etc.

Much easier than dealing with the public, insurance, taxes, permits, lawyers, inspectors, and the like.

mike in tucson

Amen to that! Or just open the sports bar, and let them talk about their dreams,... then you could probably make a reasonable living from it. :-)~