ilmscore | How I buy laundromats for $0 (Full Process Explained)

How I buy laundromats for $0 (Full Process Explained)

Published: 2019-12-18
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The speaker predicts a $250,000 cash-out refinance of the laundromat via an SBA loan within 1 to 1.5 years from the video date (Dec 17, 2019).
"I believe within a year to year and a half time I can cash out refinance the former owner and my partner with an SBA small business loan for about $250,000."
Laundromat Refinance
Pending
Following the predicted refinance, all desired upgrades will be completed on the laundromat.
"The cash out refinance I can put a little bit of money in my pocket. All the upgrades that I could ever want will be done to this laundromat."
Laundromat Renovation
Pending
After the refinance, the speaker will fully own the laundromat, free of seller financing and private partners.
"I will own it outright myself. No former owner involved with the seller finance deal. No private partner."
Laundromat Ownership
Pending
The speaker, without a college education, owns millions in assets generating tens of thousands of dollars monthly.
"Um, I still have not gone to college and yet I own millions of dollars worth of assets generating 10 thou tens of thousands of dollars per month."
Personal Net Worth
Pending
The speaker's real estate holdings generate over $40,000 per month in revenue.
"Guess what? My real estate stuff's over 40k a month."
Real Estate Portfolio Revenue
Pending
Starting with $25,000 six years prior to the video, the speaker now owns 140 rental properties.
"I only started off with $25,000 6 years ago and now I've got 140 rentals."
Rental Properties
Pending
The speaker predicts a cash-out refinance of the laundromat for approximately $250,000 within 1 to 1.5 years, using an SBA loan.
"I believe within a year to year and a half time I can cash out refinance the former owner and my partner with an SBA small business loan for about $250,000."
Laundromat Refinancing
Pending
The speaker has multiple investors interested in funding the acquisition of another trailer park.
"I've got two or three people that want me to go buy another trailer park."
Trailer Park Acquisition
Pending
The speaker claims to have built a portfolio of 140 rentals starting with only $25,000 six years prior to the video's publication.
"And I've done that with very little money to start off with. I only started off with $25,000 6 years ago and now I've got 140 rentals."
Personal Net Worth Growth
Pending
The speaker's real estate ventures, including laundromats and rentals, are generating over $40,000 per month in revenue.
"My real estate stuff's over 40k a month."
Laundromat Revenue
Pending