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Looking for some insight on purchasing and running a ground route
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<blockquote data-quote="dmac1" data-source="post: 2099553" data-attributes="member: 60252"><p>There are much better investments.</p><p></p><p>Residential multi-unit properties are a much safer and better investment requiring less work. As long as you buy a property where the rent covers the costs, you can't lose. Eventually, you own the entire asset, and still have income, without having to worry about hiring people, equipment breakdowns, Christmas rush, etc, etc, etc.</p><p></p><p>No one can come in and cancel your ownership on the whim of some 25 yr old 'manager' who doesn't have a clue. That can and has happened with fedex route owners. Some have sued and won after being 'fired' from their own business, many more have lost their entire investment. </p><p></p><p>In a multi-unit property, even if the property value goes down, other people are paying for the property. Try to find a bank that will give you a loan to buy a fedex route based on the value. You will need to pay cash, borrow against other assets putting them at risk, or get owner financing. And when you sell, you will not see the profit from a route sale like you would in a real estate sale. You will get your 'profit' back in dribs and drabs. You can buy rental properties using leverage, with the amount you may spend on a Fedex 'business' buying real estate with other people paying for it.</p><p></p><p>With real estate, you can even borrow against your first property to buy another, and another. Try that with a fedex route.</p></blockquote><p></p>
[QUOTE="dmac1, post: 2099553, member: 60252"] There are much better investments. Residential multi-unit properties are a much safer and better investment requiring less work. As long as you buy a property where the rent covers the costs, you can't lose. Eventually, you own the entire asset, and still have income, without having to worry about hiring people, equipment breakdowns, Christmas rush, etc, etc, etc. No one can come in and cancel your ownership on the whim of some 25 yr old 'manager' who doesn't have a clue. That can and has happened with fedex route owners. Some have sued and won after being 'fired' from their own business, many more have lost their entire investment. In a multi-unit property, even if the property value goes down, other people are paying for the property. Try to find a bank that will give you a loan to buy a fedex route based on the value. You will need to pay cash, borrow against other assets putting them at risk, or get owner financing. And when you sell, you will not see the profit from a route sale like you would in a real estate sale. You will get your 'profit' back in dribs and drabs. You can buy rental properties using leverage, with the amount you may spend on a Fedex 'business' buying real estate with other people paying for it. With real estate, you can even borrow against your first property to buy another, and another. Try that with a fedex route. [/QUOTE]
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