Starting a New Investment Company
I try to find a couple of new business ideas (sometimes only new to me) each day. I take these ideas and put them in a book to look at later. I have been doing this for the past few months, and I decided to sit down and go through the ideas I have collected.
Some of the ideas I found in my book were good, and some were horrible. But there was one idea that was better than the rest - and it seemed to be in a market with low competition. The idea is a sell and rent back company… let me explain it to you.
Are you familiar with repossessed properties? Well if you are, you would know that there is stiff competition from investors to get their hands on these properties.
Why?
Well, they are usually sold at a discount because the lenders like to hold mortgages, not property. Now the idea of this sell ad rent back company is that you purchase the properties from people that are at risk of having their home repossessed which solves their money problem, and then rent it back to them (which keeps a roof over their heads). Basically it is like buying rental properties on sale with paying tenants included.
I think this is probably the best idea in the book - I need to do a little due diligence before I start this new investment company.
