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Updated over 6 years ago on . Most recent reply

DJ Cummins's profile image
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DJ Cummins
  • Rental Property Investor
  • from Bethalto, IL
  • Member since Aug 14, 2014
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DJ Cummins's profile image
DJ Cummins's profile image
DJ Cummins
  • Rental Property Investor
  • from Bethalto, IL
  • Member since Aug 14, 2014
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DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
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Real Estate Deal Analysis & Advice

Please talk me out of offering on a car wash in a sketchy area

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted
Hey all, I have a chance to purchase a car wash for about $.30 on the dollar. It’s in a bad area. The McDonald’s next door has closed because it was robbed several times in the past year. Cash flow according to the past 3 years of tax returns would be an ROI of around 45-50%. Please talk me out of it. Thanks, DJ
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Mike Dymski's profile image
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Mike Dymski
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  • from Greenville, SC
  • Member since Mar 10, 2016
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Mike Dymski's profile image
Mike Dymski's profile image
Mike Dymski
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  • #5 Investor Mindset Contributor
  • Investor
  • from Greenville, SC
  • Member since Mar 10, 2016
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Mike Dymski
Pro Member
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
Pro Member
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Sounds like the work of the Hamburgler...

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