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Updated over 4 years ago on . Most recent reply

Charlie Anne's profile image
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Charlie Anne
  • Member since Apr 20, 2020
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Charlie Anne's profile image
Charlie Anne's profile image
Charlie Anne
  • Member since Apr 20, 2020
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Charlie Anne
45
Votes |
89
Posts
Buying & Selling Real Estate

Calling all laundromat owners!

Charlie Anne
Posted

How do laundromats cash flow vs real estate?

Please tell us your success stories and failures. 

P.S. Is it doing ok during COVID? Any advice?

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Joseph Hammel's profile image
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Joseph Hammel
  • Rental Property Investor
  • from Lake Hallie, WI
  • Member since Nov 22, 2015
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Joseph Hammel's profile image
Joseph Hammel's profile image
Joseph Hammel
  • Rental Property Investor
  • from Lake Hallie, WI
  • Member since Nov 22, 2015
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Joseph Hammel
  • Rental Property Investor
  • Lake Hallie, WI
140
Votes |
286
Posts
Joseph Hammel
  • Rental Property Investor
  • Lake Hallie, WI
Replied

I'm buying a mixed use and thinking about starting one. I currently use Jetz Service for 2 sets in a 16 unit. They "rent" the laundry room from me and pay half the take to me. They own and maintain the equipment and collect the money. I get direct deposit from them every month. They don't work in the area where the new property is though. 

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