Chris Koerner and a guest discuss renting out panels or equipment as a side hustle that pays $20-30K per job and requires only a few days of work per rental cycle. The equipment pays for itself in one to six rentals, then becomes largely passive income. A story about Speaker A's teenage son winning a car at auction illustrates real-world financial lessons.
He'd make like $20,000 to $30,000 a job. That was like his average job.
And you could set up a job in a day.
Yeah. He made several hundred grand while doing it and then sold the company for $600,000 18 months later, which he said he now regrets because he sold it because he was bored. He actually wasn't doing anything.
Yeah, it was too passive.
Yeah, because all the panels were just rented out, which is like the dream of most people, right?
I love it because you pay off all your equipment in like 1 to 6 rentals.
Yeah.
And after that, it's it's just gravy. It's a great side hustle. Yeah. Or it could scale if you wanted to.
Yeah. So for max 2 days at the very start and 2 days at the very end, you're working. Yeah. And for the rest, you're just collecting a check.
There's no maintenance. This could be a business that you don't need any money to start.
My oldest kid, when he was about 15 and a half, he started thinking about buying his own car. He thought I was gonna buy it for him. I said no. I had to buy my first vehicle. I feel like it taught me a lot of stuff. And then we looked on Beastock, started tracking different auctions. We found a rug auction, and I'm like, you want to win this thing? And so we won the auction, and as of this last week, he bought his first car. So he is— no way! Yeah, he's pumped.
