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Old March 10, 2021, 04:04 PM
GordonJ's Avatar
GordonJ GordonJ is offline
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,025

Even more important than Real Estate is the location. I had a JV Partner, we had several...then we didn't. The locations either disappeared or we were "muscled" out by deeper pockets.

Keeping them stocked, keeping them secure, collecting the dough...hardly PASSIVE (although it was for me, cause I was the bank, again, until I wasn't).

You must have TRAFFIC. Profit margins, gross, about 50% in gas for vehicle, insurance, etc., and a reliable supplier.

If I were to do something like that today, I'd be more likely to invest in a "route" for a rack jobber, the problem there is float time, you have to extend credit to the convenience stores.

Today, in USA, I'd take a look at mobile homes and again, location is everything there.

Real passive income is when you do nothing, and the money keeps coming. Not a lot of those with high returns, although, much safer, Certificates of deposits, etc.

Gas and Oil leases or rights of way are passive as are Cell Tower leases.

I'd due some serious research before I got into vending machines.


PS And of course, TOLL POSITIONS with Intellectual property is great, albeit, somewhat harder to come by, but available. Gary Portnoy wrote a little ditty for a TV show called WHERE EVERYBODY KNOWS YOUR NAME the theme for the show CHEERS. Gary has been able to live very comfortably for years, from the royalties of that one song.

OH, my uncle, Frank Yoder made about 150k a year by leasing his plant patents too. That is PASSIVE baby, passive.

Originally Posted by MikePT View Post
Gordon do you have any experience on having off-line vending machines?
Is a passive income business that attracts me.



Last edited by GordonJ : March 10, 2021 at 04:24 PM.
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