Using the Harvey Brody toll position method to profit from fiction "properties"...

[GordonJ]

Originally Posted by Dien Rice

Hi Gordon,

Thanks for linking to your late classmate's Beatles tribute band! I have heard that some tribute bands can make a mint... Bjorn Again, an ABBA tribute band, I think have maybe 3 bands touring the world at any one time... (It was so profitable, they cloned it!)

One thing with toll positions that is often not talked about is that it helps to have marketing skills. You could have the toll position to a great product, but you still need to be able to market it for people to know about it!

So, knowing some marketing skills never hurts...

Gordon, I'm looking forward to hearing more lessons from the success stories of your old classmates!

Best wishes,

Dien

Dien,

To a person, they ALL have Real Estate investments. Most who had rental properties, to people, have gone out of that business, and favor leasing RE to Businesses. It was the ONE common denominator, no matter how they made their money, they all went "safely" into RE. Land and especially box type warehouse spaces, which can be easily reconfigured to suit many businesses.

Services to products, to inventions...and then into Real Estate. And I took note, most do not have retail stores...but a big box? A sure thing.

Gordon

[Dien Rice]

Originally Posted by GordonJ

Dien,

To a person, they ALL have Real Estate investments. Most who had rental properties, to people, have gone out of that business, and favor leasing RE to Businesses. It was the ONE common denominator, no matter how they made their money, they all went "safely" into RE. Land and especially box type warehouse spaces, which can be easily reconfigured to suit many businesses.

Services to products, to inventions...and then into Real Estate. And I took note, most do not have retail stores...but a big box? A sure thing.

Hi Gordon,

Thanks, that's fascinating!

I know many people consider buying real estate to be a better alternative to putting in the bank. Instead, buy land and lease it out, and (if you buy smart) you should do much better than keeping your money in the bank...

Of course, not everyone buys land with their excess cash. Some people buy other investments, such as expensive watches, antiques, gold, or stocks...

I didn't know that many people prefer commercial property, though! To my understanding, at least here in Australia, with office property you could have longer periods when it's empty... But when a business leases it, they're more likely to stay long term too. (At least that's what I've heard!)

Best wishes,

Dien

[GordonJ]

Originally Posted by Dien Rice

Hi Gordon,

Thanks, that's fascinating!

I know many people consider buying real estate to be a better alternative to putting in the bank. Instead, buy land and lease it out, and (if you buy smart) you should do much better than keeping your money in the bank...

Of course, not everyone buys land with their excess cash. Some people buy other investments, such as expensive watches, antiques, gold, or stocks...

I didn't know that many people prefer commercial property, though! To my understanding, at least here in Australia, with office property you could have longer periods when it's empty... But when a business leases it, they're more likely to stay long term too. (At least that's what I've heard!)

Best wishes,

Dien

Dien, my classmates were all raised with very similar beliefs and ideas. So, this represents only their limited view opinion...OK?...however...

I did some boots on the ground follow up. Within a 5 mile radius of Downtown Cuyahoga Falls I found.

Dozens of storefronts available, some have been empty for over a year.
Scores of apartment vacancies, and many for sale. Why?
Tons of small commercial rentals out there.

BUT, when I went into the Industrial Parks, every single BIG BOX warehouse type of building was occupied, many with the same lessee from a decade ago. Some, maybe many, were company owned. But for all the ones I knew to be leased, not a single vacancy found.

Your area may differ. What I was told about the BIG Box buildings, was, they can be quickly reconfigured for whatever use is needed, from mfgr to wholesale storage.

So, look for a Best Buy about to go out of biz, maybe get an option on first rights to buy, or long term lease. You won't go begging for businesses to occupy THAT space (as long as you stay away from Retail).

Gordon