All Forum Posts by: Sam Wilson

As stated above, this seems like an admin nightmare. You will spend too much time keeping up with paperwork vs. keeping up with the things that make you $.

Thanks for sharing! Great pointers

Matthew, As always get someone on the ground that knows the area well, especially in Memphis. It can be great or dicey in any direction. Rhodes is beautiful, but if it were me I would look to have more rentals near UofM than Rhodes. If I were you I'd look to @James Wachob or someone like that here that can help you find something.

Interesting. New Orleans...now that's only 5 hours away. Might just make it. Who wants to go red fishing in Barataria at the end of this?

Advice you didn't ask for Frank- do an online course that you can learn at your own pace. These generally are easy exams, and if you have to listen to someone drone on for hours (even online) you'll probably be frustrated. I think it took me less than 30 hours of actual study time for all the courses here in TN, and even then I was overprepared! Best of luck!

Laundromats can be great investments, but take time to build clients and a lot of upfront work. Once they are up and "spinning"...(sorry...too much coffee this morning) they are wonderful investments. There's a steep learning curve though, as laundromats thrive in places where laundromats are needed most...areas of town where folks don't have access to washers and dryers in their home. Overall though, my war stories are fewer and the lessons learned along the way aren't that expensive. I can't think of anything wild that has happened that cost more than $1,500. Can't say that for my SFR's or any other business I own.

Thanks Rick. Good article

We just wrapped up the Best Ever Conference 2020 (Many thanks to @Joe Fairless and @Benjamin Lapidus and their team!)   Wondering if there were similar investment conferences or meetups in the European market that would be worth attending?  My wife speaks French but otherwise would need to be an English-speaking conference.

@Account Closed - We bought a failing laundromat in Memphis and our biggest mistakes were:  not having a plumber evaluate before purchase and not negotiating a better and longer lease.  Best of luck!

We (my wife @Elizabeth Wilson and I) are beyond excited to be joining in with ya'll for the third time for the BEC!  (a true testimony to what a great conference @Joe Fairless, @Benjamin Lapidus and the rest of the BEC put on!).

I'll be doing some snowboarding on Sunday and Monday if anyone is staying around and wants to network on the slops, please let me know

Looking forward to sharing about passive investing in parking assets!

See y'all soon!