Was he recommended to you by another real estate investor who has done deals with him?

It has a 15 washer/15 dryer laundromat on site, as well as a 3 bay coin op car wash with 6 vacuums.

Most laundromats charge like $2.00 a wash, how often do you do a load of clothes..

After talking a little more I found out that the house was inherited from past parents, needed repairs, needed cleaned up, and that they just wanted to wash their hands of the situation.Gahh!

3) How much do you charge to wash/dry per load?

Feedback greatly appreciated.Texas has higher property tax but no income tax so if you live here that's a wash.

I ran into this making an offer on an MLS shown as an 8-plex, but upon checking with the City found it to be a 7-plex - - a wash room had been (illegally) converted into a 1bd/bath.The seller was a BROKER (gulp) and I told him I would seek to get his licensed revoked if he did not cancel the escrow and refund my EMD - - which he did.

Basically instead of gifting money over time, he could buy/control an asset right away that we could all use and then gift it to us incrementally.My thought was he could fund an LLC with myself, my brother, and him as the partners in the LLC and then gift his interest over time at an amount that stays under the gift tax.

One of our tenants said that Bob parks his car on our property and uses our water to wash his car.

But that has an unusual pattern, suit would cover the whole area, not flow down unless washed down.I'll take door number one....the bees!