Damn amazing margin

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Take 50% of your $150K as a down payment for a multi-unit rental property and get a traditional home loan for the rest. You then live in one of the units and rent the others out for enough to pay your mortgage, all your costs, taxes etc. Essentially your tenants will be paying for you to live and at the same time your property will increase in value etc. You will need to go get a steady paying job to quality for the loan, but think after one year you can move out and then rent out the unit the one you just vacated and have a really nice steady stream of passive income. If you were successful you can repeat this again and buy another property and start over again. More on reddit.com

$5k - Tree trimming/removal. Great margins. My initial investment was paid for after a few jobs. ***** Update ***** Background, I wanted a side gig last year that would provide enough income to purchase a sailboat, long time goal! I have some background in rock climbing so I was familiar with climbing and heights. I had no experience climbing trees and had never used a chain saw in my life or done tree work. I'll try to organize this... Equipment: Stihl MS 311 (used on the ground although I did take it up in a few trees for big cuts) Stihl MS 193 T (designed for one handed operation while up in the tree) Petal Advanced RAD kit - Used this for climbing up in the tree using SRT (single rope technique) Climbing harness, hardhat with visor, ear protection, climbing rope, anchor, lanyard, hand saw Legal/Regulatory: This depends on your area.. Some of the cities in my area require you to register as an independent contractor. Also, some cities require a permit to cut down a tree or trim a significant amount. Contact the city offices where you plan to provide services to find out if you need to register and if permits are needed. (Some people do not register or seek permits, just be prepared for any consequences if there are any and probably a good idea to know them ahead of time should you take that risk.) Insurance... For the places that require you to register as a contractor, they likely will require that you show proof of liability insurance. I never had insurance, I was very conservative with the jobs I took on, I wouldn't take on a job that I knew I couldn't do safely. Pricing: Before coming up with my method of providing quotes, I priced out competitors. My first few jobs, I provided low quotes just to get the jobs and some experience. Once I had a good grasp of how long a job would take me, I quoted using this formula: $50 per hour while working on the ground and $100 per hour while up in the tree. $50 travel time + ($50 x estimated ground hours) + ($100 x estimated climbing hours) = Quote Minimum $300 My focus was on tree removal only... Reason? I am not an arborist and did not portray myself as one. It is my belief that only certified arborists should be doing trimming or else you could damage/kill the tree. Even with only seeking out removal business, I had more business than I could handle. I was only doing this in the evening outside of my day job and on the weekends. Was common to make $600-$1k on a weekend. I did not offer haul away services. I either referred them to a biz that would haul it away or cut it to size for their trash service to pick it up. Long story short, it is dangerous work but very profitable in urban areas with enough business. If you have more questions, feel free to ask. More on reddit.com

My top 3 business ideas are: 1)build a rope park (low investment , easy to operate ) 2) bike coffee (1000$ investment, full time job or hire somebody ) 3) kite repair (100$ to start , fast to Learn basics how to repair sails etc ) Kiteboarding is booming and there are no people to repair kites (it’s location specific business )

I summary all 3 with examples how it can looks like here:

watch it here:

https://youtu.be/TPQRxlm8BHo

Ps. Idea : park your bike coffee stall next Tesla chargers , many people are waiting to charge their electric car want to drink coffee in that time ,-)

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