(Topic ID: 276392)

Am I crazy to open a pinball joint in a sleepy beach town?

By spblat

3 years ago


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  • 85 posts
  • 60 Pinsiders participating
  • Latest reply 2 years ago by mbwalker
  • Topic is favorited by 7 Pinsiders

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    #41 3 years ago
    Quoted from V8haha:

    Being able to right off every pinball purchase is a plus.

    I do this all the time, post something, and because the word is spelled correctly I never notice.

    Not to be a asshole, but I am sure you meant write off, instead of right off. I make the same mistakes, and so funny how we all do.

    As far as my advice to the OP, hell no!

    I have had rental property for 17 years now, and only the last 3 years have I finally been able to relax a tad.

    Starting a arcade and rental business at the same time, HELL NO!

    LTG says it best:

    Quoted from LTG:

    Really do your homework if you move forward. Dreams are nice. But do your due diligence to be sure it isn't a nightmare.

    Besides zoning ordinances, licenses, and insurance. Any new business needs start up costs and a years worth of money to have a chance.

    I have been self employed most of my life, and others came to me asking for advice, and not one has had funds saved to have a years worth of money in case things do not go as planned.

    I have never been rich, and I borrowed from lenders for the rental properties, but every business I have ever started I never borrowed a dime.

    BUT, it is nice to dream, and try to make plans. I dream all the time about things I would kind of like to try.

    Never stop thinking and dreaming, and hopefully you can find a low risk way to make all your dreams come true.

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