In this economic environment, if you had adequate startup capital, what business (or franchise) would you start, where (geographic location), and why?

August 8, 2011 10:00 PM

In this economic environment, if you had adequate startup capital, what business (or franchise) would you start, where (geographic location), and why?

If you had access to adequate startup capital (up to roughly 1 million), where do you think the best opportunities are in this current economic environment? What business (or franchise) do you think offers the greatest opportunity for success today? Hypothetically, what would you personally do?

posted by gibbsjd77 to Work & Money (2 answers total)

Rental property, hands-down. Tons of properties available, low interest rates, and people unable to buy homes for themselves. Focus on it as an opportunity to generate a steady income over the next thirty years and more, rather than an opportunity to flip, and focus on finding a building with solid bones that you can rent at a profit now, even without renovating it.
posted by davejay at 10:16 PM on August 8, 2011

oh, and the where: in Los Angeles, near undervalued public transit. Traffic is only going to get worse, gas prices are only going to go up, and the city is slowly -- very slowly -- waking up to the true value of transit-adjacent properties.
posted by davejay at 10:17 PM on August 8, 2011