ilmscore | Buying a laundromat for FREE? How's that even possible

Buying a laundromat for FREE? How's that even possible

Published: 2020-10-10
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
The two apartments on the second story of the laundromat property are expected to cover all associated bills, including mortgage, water, insurance, gas, and electric.
"the apartments on the second story pay for all of the bills for this whole property"
Real Estate Investment
Pending
The speaker plans to re-rent a vacant apartment, anticipating an increase in income.
"we're gonna get re-rented potentially for higher income"
Real Estate Investment
Pending
The speaker states that the two apartments they own are sufficient to cover all their bills related to the laundromat property.
"the apartments... pay all my bills"
Real Estate Investment
Pending
A real estate investment strategy is possible where the laundromat's operational costs are subsidized by rental income from two apartments and a garage, which could generate an additional $200-$250 per month.
"a investment could exist like this with almost minimal to non-existent rent because my line dramatic experiment is subsidized by the two apartments upstairs and a garage that i could get an extra 200 250 a month"
Real Estate Investment
Pending
The speaker currently owns 139 rental properties and their laundromat is generating significant income through social media.
"i have 139 rentals the laundromats making all this money off social media"
Real Estate Investment
Pending
The speaker has secured investment from a former landlord who had previously evicted their family 29 years prior, highlighting a shift in business relationships.
"the one investor that i have is a landlord that kicked my family out what 19 years ago a long no 29 years ago my the landlord that kicked my family out 29 years ago is now one of my investors"
Personal Finance
Pending