https://golfwhitehawk.com/ JIm  just check this out  and this will answer your question  . 

@Ryan DeRobertis Curious to know if you made it down to PR and what you may have learned since this was originally posted.

Short answer: Yes, laundromats can be profitable, but profitability depends on a few factors.

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).

It's ok to sell properties at a loss (you get the downpayment back to repurpose into something better).If you have four or more properties, this is what I would do (I just posted part of this as an answer to someone and thought it would make a good post):1.

That move created frustration on my part and the seller and had to amend the original contract.

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).

Happy to connect and answer any questions you may have.

Mistakes and miscommunication cost people money.I did ask him to explain his transaction,  not an uncommon request, but he has failed to answer it."

That move created frustration on my part and the seller and had to amend the original contract.