I’ve seen a few questions about laundromats as an asset class, and would love to share what I’ve learned.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.

I needed something small to learn from and for my mother How did you find this deal and how did you negotiate it?

Would love to connect and learn/share with other moms!

I needed something small to learn from and for my mother How did you find this deal and how did you negotiate it?

Would be interested in connecting to learn more about your experience. 

The biggest lesson, which I learned early on: get clear on the type of property you want to buy, then tell everyone over and over again.

As a licensed real estate agent and contractor, I speak the language and can guide you through the process to ensure everything runs smoothly.

For instance:If your area has many corporate offices or conference centers, you're likely to attract business travelers.Family-friendly suburbs with parks and schools often attract families.Downtown locations near nightlife are popular for groups and parties.Review Competitor ListingsSearch for successful Airbnb listings in your area and study their target audience based on:The language in their descriptions.Their reviews (guests often reveal the purpose of their stay).The amenities they offer (e.g., desks and Wi-Fi for professionals, cribs and baby gates for families).Evaluate Your Own SpaceYour property’s layout, amenities, and location may naturally cater to a specific audience.A cozy 1-bedroom apartment downtown might be ideal for professionals or couples.A 3-bedroom house with a yard might appeal more to families.Proximity to nightlife might cater to party groups.Experiment and AdjustIf you're unsure, start broad and monitor who books your property.

Many of the folks I worked with back during the dawn of the internet business era have moved on, so this is a learning curve, but I’m embracing it.Partnerships are something I’m open to, whether it’s working on your projects or collaborating on future deals.