Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes. 

When buying a laundromat, it’s crucial to evaluate the financials carefully.

@Tina ArtigliereReach out to @Bernard Reisz (ReSure Financial) and/or @Dmitriy Fomichenko (Sense Financial)

A lot of agents don't want to have to educate someone who is broke and has dreams of financial freedom through real estate just to find out you can't buy.

With time and persistence, it can provide the kind of financial freedom many people only dream of.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

It was bought in 2004 and due to financial issues, I believe ~$197k is still owed on the mortgage.

Each option has different implications, so choose based on your financial goals.

The seller does get benefits, but they aren't necessarily financial.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?