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Updated over 2 years ago,

User Stats

43
Posts
19
Votes
Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
19
Votes |
43
Posts

Laundry Mat? Car Wash? Other Semi Passive ideas?

Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
Posted

Hello all, we are seasoned real estate investors (120+ residential units) and are looking at purchasing a multi-unit commercial property in our small hometown in Michigan. There are currently a couple open units and am wondering if we should put some kind of semi-passive businesses in one of the open units. There currently is not a laundry mat in our small town and the local car wash is pretty run down as well. Does anyone have any experience with Laundry Mats or Car Washes that would be willing to chat? Or if you could post a comment--- Have you found these sectors to be good investments? Any words of advise when analyzing the opportunity for success in our area? OR do you have any other semi passive business ideas that work in small town, rural America ;) For reference we have $100-$180k cash to launch this new business venture.