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MJ · 02-03-2005, 02:06 AM

real estate is usually a sound investment. Buy the land and be certain to not spend too much too soon. Reduce it to 3 LPs and 2 upgrade units. also--I would wait on the stand up if I were you. Have the other rooms ready and waiting...when you are ready to fill them. I would try to offset your slow too. Build rooms to rent that would accomidate other services such as Nail techs, massage, body wraps, facials. available... JMHO.

Just a little tip--never EVER let anyone-- not even the staff --know you own the land.
Of course, You know to have a seperate corp purchase the land.. and pay yourself rent. In the event you ever sell the salon down the road then the new guy will pay you rent.

Good luck and do not go to big too soon!

02-03-2005, 02:06 AM	#2 (permalink)
MJ Join Date: Jan 21 2002 Posts: 3,060 Rep Power: 8	real estate is usually a sound investment. Buy the land and be certain to not spend too much too soon. Reduce it to 3 LPs and 2 upgrade units. also--I would wait on the stand up if I were you. Have the other rooms ready and waiting...when you are ready to fill them. I would try to offset your slow too. Build rooms to rent that would accomidate other services such as Nail techs, massage, body wraps, facials. available... JMHO. Just a little tip--never EVER let anyone-- not even the staff --know you own the land. Of course, You know to have a seperate corp purchase the land.. and pay yourself rent. In the event you ever sell the salon down the road then the new guy will pay you rent. Good luck and do not go to big too soon!