I've never owned before so it is a learning curve, but the cash on cash return is so far phenomenal considering I just stop by every morning to check on the attendant, the store, and meet with customers.My plans are to give the whole place a facelift, set up a wash dry fold service, and provide some newer machines, all purchased with the revenue from the laundromat.Currently it grosses about 250k per year with a net of 80k.

@Daniel Huynh it’s pretty crazy down here as it is in Denver.

My strong advice is to start attending some local real estate clubs to begin building these relationships and developing your resources.

I plan to really start attending more meetups, I am planning on going to one next week in Bellevue, WA.Thanks for all of your time!

I will take a look at events near me and try to attend a few.

Network and attend real estate conferences.My Long Term Goals 3-5 Years:1.

I’m looking for properties in North Denver (Thornton, Westminster, Commerce city, etc).

@Josh Rodriguez, do you attend any good meetups in the Bay Area?

Context: I own a donut shop in a busy area in Denver.

We had met on BP in 2015 as he attended my meetup group and over the years he was very involved with the community here in Chicago and had worked with a few contacts of mine.