Updated almost 8 years ago on . Most recent reply
New Member with a Bright Idea
Hello All,
Here's a little about myself. I currently serve in the U.S Army as an Explosive Ordnance Disposal (EOD) technician. I have been in the Army for 13 years and plan on retiring around the 20 year mark. Through all of the podcast I have been listening to, I figured it would only be right to read "Rich Dad Poor Dad". This got me thinking about what I wanted/ needed after retiring...a passive income. This is what has lead me to the opportunity in which I am currently in.
Currently I teach a military course in which students consistently come through 300 days out of the year. They stay in a hotel for the duration of their stay. As the course is taught in a desolate location the students have two options. One, stay close with nothing to occupy their free time or two, drive every week day over 45 minutes each way. The problem which was brought to my attention was there is no where for them to hang out and relax as a group while limiting their drive times.
This brings my to my current plan which any feedback would be greatly appreciated. l could buy a piece of property in between the two locations and rent tiny houses to the students with a recreational building located on the property. The building would consist of a larger group setting, television, lounge style seating, pool table, darts, etc. The rec building would also have a full kitchen to include multiple refrigerators and stoves for cooking. This would save on space in the compact areas meant for securing personal belongings and sleeping.
Besides zoning and land development where is a good direction to start? Would it be possible to create a business summary and present the plan for a business loan in order to fund the complete project? Like I stated before any suggestions or criticism could be greatly appreciated. I look forward to meeting and speaking with those with knowledge in this area of expertise.
Jayson Trawick