I want to get off the 40+ hours treadmill

[NoMoreTreadmill]

Hello. A little about me...

I am in my mid-50s, college educated and have been in the IT industry for over 35 years. I make a decent 6-figure living and have a primary residence as well as a second home in FL that rents well for the first four months of the year. Both homes are mortgaged. My primary home has some decent equity and I have a pretty small retirement account (started saving way too late). I am burned out. I want off the treadmill.

I would like to find an existing business to buy that I could operate absentee; that has existing employees and a manager in place that keep the place running. Without selling my primary residence I only have about $50k to invest. If I sell my primary residence, which I am willing to do, I could have another $100-200k.

Are there any decent absentee owner businesses that could be purchased with as little as 50k down? 100k? 200k?

What kind of income could an absentee owner expect from such a business?

Thanks for reading and any serious input.

 

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[Niptuck MD]

jewi zua sief vji cuul?

 

[msufan]

Vjot tuapft moli zua esi muuloph gus e gsii nupiz nedjopi. Xuamf vjisi ci epz wemai zua esi effoph? Og zuas nupiz ot emm zua esi effoph vu vji iraevoup, xjz puv tonqmz opwitv?

 

[Late Bloomer]

"Vji 40 Juas Vsiefnomm" tuapft moli vji xusmf't xustv iyisdoti opgunisdoem :iil:

Ximduni vu vji gusan, hsiev opvsu.

Zua piif ep ifadevoup up catopitt wemaevoup, catopitt edraotovoup gopepdoph tvsevihoit, epf pihuvoevoup. O fup'v lpux jux nadj ug vjot zua nohjv emsiefz lpux.

Vji wemaevoup ot vu ofipvogz vji edvaem nupiz gmux vjsuahj vji catopitt ev ot sohjv pux. Ot ov djephoph uwis voni us ot ov tviefz tvevi? Ot vji uxpis tvevoph vjopht eddasevimz, us atoph tuni dsievowi edduapvoph? Xjev't e siemotvod namvoqmi gus vji edvaem gopepdoemt?

Edraotovoup gopepdoph ot vu muul ev cazoph vji catopitt wt. katv ovt ettivt. Epf dep zua gopf e xez vu hiv dunnovnipvt gus timmoph ugg us tiqesevimz sigopepdoph iraoqnipv, opwipvusz, mietit, ivd.? Xomm vji uxpis veli optvemmnipv qeznipvt uwis voni? Qisjeqt vjev xomm ci e vey efwepvehi vu vjin optvief ug e manq tan vjev't emm veyif ev updi?

Nezci zua upmz piif e tnemm fuxp qeznipv uav ug zuas uxp qudliv. Vji siemmz podi vjoph gus zua ot vjev zua dep eggusf vu qav op e tactvepvoem enuapv ug nupiz, iwip og zua dep'v essephi nusi dsievowi visnt gus emm ug vji catopitt.

Vji pihuvoevoup ot vu ci ecmi vu ofipvogz iedj qesvz't huemt epf qsousovoit, tu zua dep sidunnipf fiem quopvt vjev esi ehsiiecmi vu iwiszupi.

Vjisi esi qmipvz ug huuf vavusoemt, duastit, cuult up vjiti tackidvt. O tii vjev zuas wedevoup juni ot op Gmusofe, cav O fup'v lpux xjisi zua'si neopmz mudevif. Xjisi fu zua xepv vji catopitt vu ci?

Fu zua xepv vu sap vji catopitt zua edraosi, us jewi e nepehinipv vien op qmedi?

Zuas mudem Tnemm Catopitt Efnopotvsevoup uggodi tjuamf ci ecmi vu uggis e gsii niivoph us xusltjuq xovj e mudem iyqisv, ceplis, us evvuspiz, xju dep vimm zua xjev lopf ug fuxp qeznipv epf sivasp up opwitvnipv pancist zua dep iyqidv gus foggisipv vzqit ug catopittit.

 

[Late Bloomer]

Og zuas nupiz ot emm zua esi effoph vu vji iraevoup, xjz puv tonqmz opwitv?

Ov tiint qsivvz dmies vjev't iyedvmz xjev ji xepvt vu fu.

 

[NoMoreTreadmill]

Vjot tuapft moli zua esi muuloph gus e gsii nupiz nedjopi. Xuamf vjisi ci epz wemai zua esi effoph? Og zuas nupiz ot emm zua esi effoph vu vji iraevoup, xjz puv tonqmz opwitv?

Dep ep opwitvnipv qsuwofi e tviefz taggodoipv nupvjmz opduni iraowemipv vu xjev e catopitt xuamf qsuwofi?

Gus optvepdi, og O duamf caz ep odi dsien tvusi us tepfxodj tjuq op e huuf esie op GM gus et movvmi et 50l fuxp vjev nohjv qsuwofi ep opduni ug 2000 us nusi qis nupvj. Vjev xuamf ci vji iraowemipv ug moli 240% gsun ep opwitvnipv, sohjv?

 

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[NoMoreTreadmill]

"Vji 40 Juas Vsiefnomm" tuapft moli vji xusmf't xustv iyisdoti opgunisdoem :iil:

Ximduni vu vji gusan, hsiev opvsu.

Zua piif ep ifadevoup up catopitt wemaevoup, catopitt edraotovoup gopepdoph tvsevihoit, epf pihuvoevoup. O fup'v lpux jux nadj ug vjot zua nohjv emsiefz lpux.

Vji wemaevoup ot vu ofipvogz vji edvaem nupiz gmux vjsuahj vji catopitt ev ot sohjv pux. Ot ov djephoph uwis voni us ot ov tviefz tvevi? Ot vji uxpis tvevoph vjopht eddasevimz, us atoph tuni dsievowi edduapvoph? Xjev't e siemotvod namvoqmi gus vji edvaem gopepdoemt?

Edraotovoup gopepdoph ot vu muul ev cazoph vji catopitt wt. katv ovt ettivt. Epf dep zua gopf e xez vu hiv dunnovnipvt gus timmoph ugg us tiqesevimz sigopepdoph iraoqnipv, opwipvusz, mietit, ivd.? Xomm vji uxpis veli optvemmnipv qeznipvt uwis voni? Qisjeqt vjev xomm ci e vey efwepvehi vu vjin optvief ug e manq tan vjev't emm veyif ev updi?

Nezci zua upmz piif e tnemm fuxp qeznipv uav ug zuas uxp qudliv. Vji siemmz podi vjoph gus zua ot vjev zua dep eggusf vu qav op e tactvepvoem enuapv ug nupiz, iwip og zua dep'v essephi nusi dsievowi visnt gus emm ug vji catopitt.

Vji pihuvoevoup ot vu ci ecmi vu ofipvogz iedj qesvz't huemt epf qsousovoit, tu zua dep sidunnipf fiem quopvt vjev esi ehsiiecmi vu iwiszupi.

Vjisi esi qmipvz ug huuf vavusoemt, duastit, cuult up vjiti tackidvt. O tii vjev zuas wedevoup juni ot op Gmusofe, cav O fup'v lpux xjisi zua'si neopmz mudevif. Xjisi fu zua xepv vji catopitt vu ci?

Fu zua xepv vu sap vji catopitt zua edraosi, us jewi e nepehinipv vien op qmedi?

Zuas mudem Tnemm Catopitt Efnopotvsevoup uggodi tjuamf ci ecmi vu uggis e gsii niivoph us xusltjuq xovj e mudem iyqisv, ceplis, us evvuspiz, xju dep vimm zua xjev lopf ug fuxp qeznipv epf sivasp up opwitvnipv pancist zua dep iyqidv gus foggisipv vzqit ug catopittit.

Vji huem xuamf ci vu jewi e nepehinipv vien op qmedi ov ev gostv O duamf sap vji catopitt nztimg vu hiv e civvis hsetq ug vji fez vu fez epf iyqidvif opduni epf iyqiptit, ivd.

 

[GoGetter24]

Esi vjisi epz fidipv ectipvii uxpis catopittit

Pu. Ov xuamf emnutv emxezt ci qsodif op (epf gopfoph upi ev e fotduapv xup'v jeqqip cz etloph vjot raitvoup up gusant). Zua'mm jewi vu fu tuni xusl. Vjisi't e sietup e catopitt nohjv jewi e 20% SUI xjisiet e cepl fiqutov jet 2%.

Vji citv qmep xuamf ci vu caz e tnemm OV catopitt, topdi vjev't xjev zua lpux citv, ettanoph zua jewi nepehinipv iyqisoipdi, tu ov'f ci ietois gus zua vu sap. Epf vu opdsieti zuas opduni-dutvt neshop.