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11-12-2011, 11:59 AM
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#26 | | Banned By Establishment
Join Date: Jul 2008 Location: Infiniti
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open a high class whore house/ massage parlor
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11-12-2011, 12:00 PM
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#27 | | I only answer to my username, my real name is Irrelevant!
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Originally Posted by Overseas Auto1  you guys....get an education, like become a dentist. | we're not supposed to be giving serious answers... that's not the RS way
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11-12-2011, 12:04 PM
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#28 | | 2 Wheel'd Mod
Join Date: Aug 2006 Location: Surrey
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You don't have nearly enough to open a franchise
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11-12-2011, 12:05 PM
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#29 | | DOES HE LOOK LIKE A BITCH?
Join Date: Feb 2007 Location: Vancouver
Posts: 11,037
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Originally Posted by murd0c I would bring a Red Lobster up here, yes I know people will say the quality sucks but that will be a restaurant that will always be busy since we don't really have any mainstream seafood restaurants up here like that. I also love Red Lobster lol Posted via RS Mobile | This is actually a great idea.
Sure it's a chain store blah blah blah but you look at any Red Robin's location (which essentially runs on the same business models but serve different type of foods) and all you see is fucking profit.
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11-12-2011, 12:07 PM
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#30 | | Banned (ABWS)
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Originally Posted by RRxtar i once heard timmies and boston pizza are two of the most profitable franchises, but i dont know how that all works | I've heard the same, that its around $500K-1M to buy a Tims franchise, and it'll be profitable in its first year. Tims controls where the franchises are located, so they don't put franchises in places that are unlikely to be immediately profitable.
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11-12-2011, 12:14 PM
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#31 | | HELP ME PLS!!!
Join Date: Jan 2005 Location: Vancouver
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Tim Horton's isn't expanding in Canada anymore, unless you are interested in heading over to the middle east.
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11-12-2011, 12:31 PM
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#32 | | Banned (ABWS)
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Originally Posted by bloodline129 Gold increased its value by 30% in last 5 years. If u have the money upfront I'd invest in that. If its bank loan then invest in something u skilled on. Posted via RS Mobile | Gold is only a good investment if you time your exit, and someone asking about such a question here isn't going to be able to know when to get out.
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11-12-2011, 12:35 PM
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#33 | | My dinner reheated before my turbo spooled
Join Date: Jun 2008 Location: Vancouver
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I would open up a KFC on the corner of Burrard/Robson where HMV was. Hire American employees down from the south to give it that American edge.
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11-12-2011, 12:40 PM
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#34 | | Banned By Establishment
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there is an actual convention that you can go to if you are looking at opening a franchise
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11-12-2011, 03:05 PM
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#35 | | My homepage has been set to RS
Join Date: Oct 2007 Location: Vancouver
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Originally Posted by racerman88 there is an actual convention that you can go to if you are looking at opening a franchise | 
__________________ Quote:
[23-07, 02:03] shawn79 i find that at vietnamese place they cut ur hair like they cut grass
[23-07, 02:03] shawn79 do u go to vietnamese places for haircuts
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11-12-2011, 03:12 PM
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#36 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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buy a ferrari enzo...sell it in 30 years so your kids will leech off you too
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11-12-2011, 03:14 PM
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#37 | | Rs has made me the woman i am today!
Join Date: Mar 2004 Location: Vancouver
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There are only 2 kfcs left in vancouver and there is a reason for that. Churches on the other hand  Quote:
Originally Posted by 1exotic I would open up a KFC on the corner of Burrard/Robson where HMV was. Hire American employees down from the south to give it that American edge. | | |
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11-12-2011, 03:27 PM
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#38 | | Even when im right, revscene.net is still right!
Join Date: May 2004 Location: vancouver
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bet on GSP, Anderson Silva and Jone Jones  | |
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11-12-2011, 03:30 PM
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#39 | | Summertime Sadness
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Originally Posted by Death2Theft There are only 2 kfcs left in vancouver and there is a reason for that. Churches on the other hand | lol the only one in Vancouver I know of is Kingsway and Gladstone....
__________________ LSF22 (1-0-0) [15-01, 11:33] ICE BOY i'm going to wrap my dick in a crepe and make you suck the filling [[09-10, 11:34] ICE BOY liquor in the front, poker in the rear | |
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11-12-2011, 03:33 PM
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#40 | | RS controls my life!
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Originally Posted by LSF22 lol the only one in Vancouver I know of is Kingsway and Gladstone.... | broadway near fraser, knight and 49th and the one on davie
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11-12-2011, 03:55 PM
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#41 | | Prince of the Apes
Join Date: Oct 2007 Location: Abbotsford
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subway franchise, its bigger than mcdonalds now.
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[23-08, 13:17] nabs i've gripped ice boy's shaft before
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[26-08, 13:50] Jesusjuice is this a sports car forum? why are there so many hondas?
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11-12-2011, 04:03 PM
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#42 | | To me, there is the Internet and there is RS
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Most of the franchises people are listing are impossible to get.
I hear Papa Johns take and bake pizza is expanding into BC and is looking for people.
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11-12-2011, 04:11 PM
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#43 | | RS.net, where our google ads make absolutely no sense!
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Open up a Bubble tea store at YVR airport....Business YO!!!
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Originally Posted by Raid3n ^
i don't think i ever played a game as a kid where you punch each other in the dick. | | |
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11-12-2011, 04:14 PM
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#44 | | Banned (ABWS)
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Originally Posted by racerman88 there is an actual convention that you can go to if you are looking at opening a franchise | My friends have been to these and found them for the most part useless. Mostly awful website stuff.
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11-12-2011, 04:15 PM
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#45 | | Banned (ABWS)
Join Date: Feb 2009 Location: Kits/Richmond
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Originally Posted by Death2Theft There are only 2 kfcs left in vancouver and there is a reason for that. Churches on the other hand | Churches chicken is awful, god do I miss KFC in Kits.
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11-12-2011, 04:37 PM
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#46 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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11-12-2011, 04:45 PM
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#47 | | Banned (ABWS)
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Originally Posted by SiRV on a more serious note, why not buy 2-3 small condo properties (250,000 a piece)and rent them out for 900-1200 a month? As the condo value increase, you make money... Probably not as profitable as a timmys, but still a good safe bet if you have dino or gridlock managing it for ya? | Calculate the cap rate if you want to be serious. You'll find your money would make more in an online savings account.
4 1bdrm condos @$250K rented at $1K/mn - $7K of property taxes - $100/mn*4 of condo fees == ~$36K/mn or 3.6% of $1M and that's not accounting for maintenance, vacancy, management, acquisition fees ...
Also perhaps you missed the BCREA release for Oct that showed prices increased 0.1% from Oct 2010, and they are forecasting a drop for Oct 2012. So don't count on appreciation.
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11-12-2011, 04:52 PM
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#48 | | Banned By Establishment
Join Date: Dec 2003 Location: New West
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Originally Posted by taylor192 Calculate the cap rate if you want to be serious. You'll find your money would make more in an online savings account.
4 1bdrm condos @$250K rented at $1K/mn - $7K of property taxes - $100/mn*4 of condo fees == ~$36K/mn or 3.6% of $1M and that's not accounting for maintenance, vacancy, management, acquisition fees ...
Also perhaps you missed the BCREA release for Oct that showed prices increased 0.1% from Oct 2010, and they are forecasting a drop for Oct 2012. So don't count on appreciation. | A client of mine had a bunch of condos in DT and a building in the West End and cleared out of all of it. In retrospect-excellently timed.
I think the only ones they were left with were their personal apartments and one in a new building that was intended to be a residence, but couldn't sell the old one.
There can be value in buildings-you need to buy a shitpile, re-build it and wait for 10 years. It's not a growth business, its a retirement fund.
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11-12-2011, 05:13 PM
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#49 | | Banned (ABWS)
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Originally Posted by lowside67 If you have to ask this question on a forum, it is clear you did not earn the $1MM yourself, so the real question is who is stupid enough to give you $1MM to "invest"? |
If you actually read the OP you will realize that this thread is about what would you do IF YOU had a million dollars to start a business. He/she is not asking what they should do with their million dollars.
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11-12-2011, 05:39 PM
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#50 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
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Originally Posted by taylor192 4 1bdrm condos @$250K rented at $1K/mn - $7K of property taxes - $100/mn*4 of condo fees == ~$36K/mn or 3.6% of $1M and that's not accounting for maintenance, vacancy, management, acquisition fees ...
Also perhaps you missed the BCREA release for Oct that showed prices increased 0.1% from Oct 2010, and they are forecasting a drop for Oct 2012. So don't count on appreciation. | I've actually been trying to find info on the costs of owning a condo for a while, thanks for posting that. Just want to clarify though, for the cost of one condo:
Assume:
250k paid out with no mortgage
I want to actually compare with going rates right now on high interest GICs.
Scenario 1: GIC (using 250,000 for a easy flat number)
- best rate I have at the moment is 1.5% annually
- equates to $3,900 per year in interest
Scenario 2: Condo
- $250,000 assume this includes aquisition costs for a flat simple number (are these around 2-4%?)
- using your numbers:
- positive +1,000/month
- neg -100/month
- neg -2,000/year (??? I'm assuming the 7k in property taxes is for all 4 condos?..)
- I still come up to $12,000 income per year - 2,000 - 1,200 = +$8800..
This is assuming I manage it by myself (collecting rent every month) and no maintenance work / vacancy.
I know I'm probably missing something, but aside from depreciating/appreciating value of the condo, what else?
Cap rate of 3.5% isn't bad?
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