Hey everyone,
I am a 21-year-old with no debt, good credit, and about $10k saved up. I’m considering financing a billboard to rent out ad space and generate passive income. I know it’s location-dependent and involves factors like exposure, land leases, and billboard type (LED or wooden). Can anyone provide advice or warnings about getting a loan and building or owning a billboard? Thanks!
hi my suggestion would be firstly do your due diligence with the relevant authorities before implementation
Owning a billboard can be a lucrative venture if planned and executed properly. Make sure to consider all legal, financial, and operational aspects to maximize the return on your investment. To own a billboard, you have to buy one that is already in place, place one on your land, buy one and rent land, or lease a billboard and have land to place it on, when designing a billboard structure you should consider the durability, weather conditions, and visibility.
Its easy actually;
1.Buy one that’s already erected.
2.Place one on land you own.
3.Lease the right to erect a board from another landowner.
4.Establish your mobile billboard business.
5.Create a business plan.