All Forum Posts by: Adam Harlan

@Adam Hoffer thank you!

Hello Adam, I just found this thread and I’m very interested in attending the next meet up. Will there be one coming up in March?

Today an opportunity came up that was very unexpected. I went to my realtor’s office to talk about a couple multi-family properties, and while going over them he shows me a listing for 3 laundromats. I know this is a great opportunity for me, and want to do everything in my power to make this deal work for me. So BP community, I come to you looking for guidance on my journey. Here it is, for $279,000 there are 3 laundromats, 2 of the properties are in the deal and the third has a lease for the next 5 years at $350 a MONTH!!! This business has averaged about $105,000 in income and out of that the owner has $40,000 income and a manager/maintenance man making about $30,000 a year. As of right now I’m mainly looking for ways I should go about financing this deal and presenting it to the bank in a way that will help make this all happen.

Thank you @Jack Medford. I’ll see you there.

@Hussain Harun what time are the bi-weekly meet ups held? I live about an hour from Madison, but currently working on a building downtown. I’d like to take advantage of this opportunity and attend the meet ups before going to a different job location.