Duplex or ice machine

[Raymond]

Originally Posted by Patt

I am inheriting property in sulphur on hwy 90 across from frasch park. I am wanting to put either an ice machine or a duplex on the property it is 1 acre. I am leaning more toward the ice machine because of the location and costs and the tournaments at frasch would be a big income on the ice machine I believe. With a duplex I could take advantage of the acre and be able to write them off for taxes but the railroad runs directly behind the property and would be a noise problem for renters. Any input is greatly appreciated

1. People will not be entering Frasch park from Hwy 90.
2. People will not cross 90 for ice unless you have a Big Azz neon sign to advertise you have the coldest ice in Sulphur (non melting that is).
3. Don't expect any bank to front $$$ for any commercial venture on the north side of hwy 90 unless you are all IN.
4. Have you looked at any of the other so-called apartments east of your location?
5. Best bet at that location would be Crack/Meth vending machines since the vast majority of it is made locally.

Choose wisely, this investment could actually be detrimental to your long term financial goals.