Fun Entrepreneur Question

Tacoma747 said:
Sounds great except when someone tries to sue me because they flip their jeep over and get hurt! I have plenty of places that would be probably impossible hill-killer climbs.

Don't get me wrong, I'd love to charge a small fee on a once per month (or every other) basis but the risk is not worth the chance. I don't know how the Trevor that owns the devil's playground doesn't worry about someone getting hurt and suing him on one of the open rides. I also would not want people just showing up whenever they like or having uninvited guests.
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AAA farms in yakinville.....they take a $10 "donation" to allow you to ride on their property. Lots of morons on ATVs get hurt there weekly....no issues so far
 
CasterTroy said:
AAA farms in yakinville.....they take a $10 "donation" to allow you to ride on their property. Lots of morons on ATVs get hurt there weekly....no issues so far
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The "do you ride at AAA Farms starter kit"

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ckruzer said:
There are ways to be protected (waivers dont work). Gates really help with uninvited guests.
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Gates are obvious, and luckily there is only one way in to my property, but I am curious how to protect myself if/when I let people onto the property to ride or wheel. My plan was to limit it to a very certain few and just hope nothing ever happens.
 
rockcity said:
I'd do general construction and flip more houses. Be a paper contractor first then expand into having a couple small crews as the biz grows. Little overhead at first besides servicing construction loans and subcontractors. Should be easy to start with $100k
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My buddy and I incorporated last week and have our first one under contract. Excellent idea!!
UTfball68 said:
I like that business model of the rent-a-place-to-wrench that you said your buddy in Florida (I think) had. I still think places like that could take off given the right location.
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I still hold on to this also...would love Ron's buddy to provide some real-world info as I have difficulty with what was already shared about the South Florida enterprise....
 
92_SquareEye said:
I still hold on to this also...would love Ron's buddy to provide some real-world info as I have difficulty with what was already shared about the South Florida enterprise....
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You and me both. He has always talked a ton about while general chit chatting. Once the discussion came up here and I tried to nail him down and get him to share here....he went quiet.
Not sure what to make of that.
 
Ron said:
You and me both. He has always talked a ton about while general chit chatting. Once the discussion came up here and I tried to nail him down and get him to share here....he went quiet.
Not sure what to make of that.
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Sounds like your buddy is full of shit. :p
 
Tacoma747 said:
Gates are obvious, and luckily there is only one way in to my property, but I am curious how to protect myself if/when I let people onto the property to ride or wheel. My plan was to limit it to a very certain few and just hope nothing ever happens.
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There are legal ways, and of course requires highering an attorney. Some methods are better than others. When you get serious about it, and youre ready to spend some bones to do it, let me know - can help or provide assisting advice
 
jeepinmatt said:
Sounds like your buddy is full of shit. :p
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Well..same.
But ...he makes bank somehow this I know.

Maybe it's drugs. wouldn't totally shock me tbh
 
Ron said:
You and me both. He has always talked a ton about while general chit chatting. Once the discussion came up here and I tried to nail him down and get him to share here....he went quiet.
Not sure what to make of that.
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jeepinmatt said:
Sounds like your buddy is full of shit. :p
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Being a newbie here, I wasn't gonna go that far...but, yeah...what he said. I lived there for 19 years...his story is way off....
rockcity said:
Good deal!

I like the idea so much I started it in June and am working on a flip right now. :)

Should have it done by April 1 and have 3 more vacant lots to build spec houses on. :)
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And you're not out of the woods yet...your phone will likely still ring.
beer.gif
 
ckruzer said:
There are legal ways, and of course requires highering an attorney. Some methods are better than others. When you get serious about it, and youre ready to spend some bones to do it, let me know - can help or provide assisting advice
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@Ron had a similar approach for self service garage that I think might work for this.

Have an LLC own the property, who leases to another LLC who manages and leases to another/group who runs the park. Then, when someone comes to ride, they sign a "waiver" which includes being a member/owner of the operating group/business. If they sue, they will be suing them self or at most the operating company.

But basically a good lawyer could set it up.


From some others that have tried, it would be hard to make money unless you were open alot and didn't have to spend a ton on property maintenance.

Even though some here would disagree, I think you would want to have trails or a section for bikes/atvs. Those guys ride a ton and are willing to pay.
 
paradisePWoffrd said:
@Ron had a similar approach for self service garage that I think might work for this.

Have an LLC own the property, who leases to another LLC who manages and leases to another/group who runs the park. Then, when someone comes to ride, they sign a "waiver" which includes being a member/owner of the operating group/business. If they sue, they will be suing them self or at most the operating company.

But basically a good lawyer could set it up.


From some others that have tried, it would be hard to make money unless you were open alot and didn't have to spend a ton on property maintenance.

Even though some here would disagree, I think you would want to have trails or a section for bikes/atvs. Those guys ride a ton and are willing to pay.
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Never do it that way. Please. Lol, it's what I do for a living for Doctors, Businesses, and Scarface. Don't do it that way. Ever.
 
ckruzer said:
Never do it that way. Please. Lol, it's what I do for a living for Doctors, Businesses, and Scarface. Don't do it that way. Ever.
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I'm all ears. Let's hear best practices in certain situations. You can disclaimer your statements. We're all friends here.


I'm literally in the situation of the original post (no death, sold my current business, checks not quite as big either) looking for my next thing to do.
 
ckruzer said:
There are legal ways, and of course requires highering an attorney. Some methods are better than others. When you get serious about it, and youre ready to spend some bones to do it, let me know - can help or provide assisting advice
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I don't plan to start an offroading park by any means, I wouldn't mind having scheduled rides every now and then, but don't want to do it as a way of living because it would just cause so many issues with ATV's, erosion, etc.

Lots of cool rocks up there and tons of trail possibilities, I really need to get the property lines marked so I don't get over onto neighbors property.

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The landlord of my shop owns 7 acres and 16,800 sq ft of building that is divided into 2400 sq ft shops with the exception of his pallet business that's 4800 sq ft.

On those 7 acres he has roughly 2 acres of relatively flat hard packed gravel that he rents out to truck drivers to park their rigs. He charges either 100.00-150.00 a month per slot. If you have two trailers you pay for 2 slots. Because my shop is in the end of the building closest to the road people interested in renting spots usually come to me first looking for the landlord. He rents spots as soon as he can make them.

Take that 100k buy a few flat acres relatively close to an industrial area rent a dozer for a week, flatten it out, spread a few hundred yards of gravel, put an 8 ft fence with barbed wire around it and start renting spots out. It's relatively low risk, cheap insurance fairly low initial investment and Facebook can make it famous to all truck drivers in a matter of minutes.


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Good luck semi retiring by hiring someone else, my last 4 attempts have either been fired or quit. People do not give a fuck about your business. Hard to find someone to work 60 hours a week for more than a few months. They all talk big, but usually pussy out because it's too hard

That being said I'm still trying to find the right guy or gal for that matter
 
1983Bronco said:
Good luck semi retiring by hiring someone else, my last 4 attempts have either been fired or quit. People do not give a fuck about your business. Hard to find someone to work 60 hours a week for more than a few months. They all talk big, but usually pussy out because it's too hard

That being said I'm still trying to find the right guy or gal for that matter
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I hear car lots are gold mines. Maybe we should do that. Buy some shitboxes at auction and sell them for twice as much.
 
UTfball68 said:
Just don't switch the badges...high school buddy of mine owns the Auto House dealerships. He never was that smart.
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I've thought about that one a bit. If I'm gonna pay extra for a higher trim level, there's gonna be a reason, and obviously if I'm looking at a vehicle with that trim level, I'd be sure it had the features that make it that trim level. So if you're willing to pay extra for a vehicle with a higher trim level badge and don't notice that it is lacking all the features, you're a sucker anyway and I don't have any sympathy for you.
 
MarsFab said:
The landlord of my shop owns 7 acres and 16,800 sq ft of building that is divided into 2400 sq ft shops with the exception of his pallet business that's 4800 sq ft.

On those 7 acres he has roughly 2 acres of relatively flat hard packed gravel that he rents out to truck drivers to park their rigs. He charges either 100.00-150.00 a month per slot. If you have two trailers you pay for 2 slots. Because my shop is in the end of the building closest to the road people interested in renting spots usually come to me first looking for the landlord. He rents spots as soon as he can make them.

Take that 100k buy a few flat acres relatively close to an industrial area rent a dozer for a week, flatten it out, spread a few hundred yards of gravel, put an 8 ft fence with barbed wire around it and start renting spots out. It's relatively low risk, cheap insurance fairly low initial investment and Facebook can make it famous to all truck drivers in a matter of minutes.


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I like the idea of a storage yard. My buddy and I just had a conversation about a piece if property close by that we both were thinking would be great for boat storage. 10,000 sq ft of building space with a couple of acres already fenced in and less than a mile from the boat landing. I did some research on it afterwards and our dreams were quickly crushed. Its part of a 10+ acre tract that some real estate company out of Charlotte bought for $1.8 mil a couple years ago and they're gonna build apartments and the buildings will probably be leveled and this couple acre piece will be nothing more than an entrance road.
 
Storage is hot right now, and if the economy gets tight again it will get even tighter. People may loose their house but don't wanna let go of their things, so they will pay to store their junk.

As for me, with my concrete knowledge, I would probably get into decorative concrete. Stamped concrete, stained, sealing, patch and repair, epoxy coatings, and polishing on a smaller level. Start up cost would not be bad, and there is a good market for it residentially.
I would probably just partner up with a current customer of mine to expand their offerings.
I got him turned on to a cost effective epoxy coating. Gave him a free batch and he done his garage and screened in patio as a test. Next thing you know the neighbor wants it, then more, and it's a new neighbor hood with lots of build to suite lots, now the builders are sub contacting him to do it on new house, they offer it to their buyers for a few bucks more per month on their $400k home.


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