All Forum Posts by: William Montague

Easy, a hard money lender. But it will depend on what the loan is for.
Hard money lenders commercial and private lenders are all over.

Not sure on this. I would say proceed with caution. Personally I don't think I would accept this person. But it's up to you. I've seen where some landlords had to file a motion to Lift Stay with the court in order to get their rent or begin proceedings for eviction when an existing tenant filed for bankruptcy.

I think Mike hit the nail on the head. Just inform your maintenance guy not to discuss anything except maintenance issues with the tenant. As long as the rent is being paid in full and on time every month, they are not a nuisance to the neighborhood and there are no major violations of your lease terms I'd say let it go and tell the maintenance guy to stay out of their business.

Google RDM Industrial Electronics for reman car wash equipment. This is one of the companies that I am aware of. I'm sure there are more.

www.carwashsupplierguide-dot-com
www.kleen-ritecorp-dot-com

These are a few contacts. I would also say google car wash equipment. That should produce several contacts.

Location is very important that and/or great marketing. I also found that many car wash owners worked out deals with local businesses to sell discounted car washes (convenience stores, gas stations, auto repair shops, auto dealerships, schools, churches, etc.)

I think Charles hit the nail on the head :

Any maintenance invoices (who are the vendors; how old is equipment; is there a service contract in place?)

I formerly worked tech support with a company that manufactured car wash entry systems.

What is the seller's motivation in selling the car wash?

If you can, get the seller to produce some proof of revenue and you definitely want to know the maintenance history. Service calls to fix equipment can kill your bottom line quickly. Many of the owners that I dealt with learned how to service the equipment themselves due service calls being so outrageously priced.

As far as entry systems definitely consider a credit card / token acceptance. An entry system setting out at night loaded with dollar bills and coins is a target for theft / vandalism.

This is a update video: http://www.youtube.com/watch?v=v7B8dFT5yjM

IRS URL : http://www.irs.gov/charities/article/0,,id=96104,00.html
But I would strongly advise speaking with your chosen IRA custodian to put it all in plain English.