Al Williamson
Car Wash-Vac at Apartment Complex
I've heard about a landlord that built a small coin operated self-serve car wash at his apartment complex for tenants and neighbors to use. I heard he did well. Does anyone have experience with this or a story to shar...
Greg P.
Has anyone Owned Car Wash and/or Laundromats? How does it compare to Rentals?
Hello, the housing market has really slowed down where I'm from and prices have seemed to have gone up. I'm looking to reinvest into other ventures until things have stabilized. The returns and financing terms seems...
Nicole Heasley Beitenman
Help settle a debate for me
Do you wash the comforter, shower mat, and shower curtain in between guests/tenants? We operate primarily as an MTR but will use the STR model to fill awkward gaps.
JaMarcus Joseph
Bankrupt 10 unit, laundry mat and car wash
I have a 10 unit, laundry mat and car wash combo under contract. It's 100% occupied and the extras are functional. It was built in 2007. They have not produced any financials and the realtor is not sure they will. La...
Drew Petro
Car Wash Asset - What Am I Missing
Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...
Dustin Lavender
We have just signed on our biggest deal yet!!
So I have been investing like crazy over the last year. We started with $4500 2 years ago and today own 7 SFH, a duplex, and a multi-use property that includes 10 rental units, a small coin laundry, and 3 bay self ser...
Jonathan K.
What would you do with this deck?
Hard to believe this is actually the first time I've started a forum on BP! Because I greatly value the knowledge and opinions of many of you whom I've already met in this community, I'm asking for your quick opinion ...
David Healey
Adding A Community Laundry And Need Advice
My wife and I are House-hacking a Triplex in Salt Lake City, UT and are looking to add a Community Laundry room with two sets of hookups for the remnants who don't already have laundry.
We want to save as much money...
Steve Mcdonald
Builtin Coin laundry machine vs coin timer connected to machine
Hi All,I am deciding on washing machine with built in coin box or washing machine connected to coin timers.My concern was if the coinbox attached if the timer get over before the machine completes or if tenants put ex...
Travis Reed
Laser car washes difficult to manage??
A laser car wash popped up for sale locally and is advertising an awesome 11% cap rate. Is this typical for a car wash? Usually higher cap rate indicates a risky investment or am investment that is difficult to manage...