How Much $$$ Did The Laundromat Make LIVE!
Published: 2022-10-06
Status:
Available
|
Analyzed
Published: 2022-10-06
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
New videos about a trashed house will be released soon.
"we went and looked at a trashed house those videos will be on the internet very soon"
Pending
Vending machines at the car wash are expected to be serviced within the next week by a newly hired company.
"I've had to hire another company and they're supposed to be there I guess in the next week"
Pending
The speaker predicts that starting commercial laundry services will almost double their laundromat's revenue.
"I think that that is going to almost double our Revenue"
Pending
A single batch of commercial laundry services boosted sales by $275 in one day.
"our first first batch of laundry we did it boosted sales One Day by 275 bucks"
Pending
A client with Airbnbs is scaling their properties to between 20 and 25 units.
"he is in the process of scaling teeth to between 20 and 25."
Pending
A client is rehabbing properties, with four or five already operational.
"he is in the process of rehabbing but four or five are already open"
Pending
A client with 25 Airbnbs is willing to pay $1,000 per week for laundry services.
"he is willing essentially with 25 Airbnbs to pay me a thousand bucks a week a week"
Pending
The speaker's vending machines have generated between $25,000 and $30,000.
"my vending machines have probably made twenty five thirty thousand dollars"
Pending
The speaker's small laundromat is currently making approximately $50,000 per year.
"we're doing maybe 50 000 a year off the laundromat but my laundromat's very small compared to the average laundromat"
Pending
The goal is to increase the laundromat's gross monthly revenue to $10,000 - $12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
Some laundromat owners are achieving a net profit of $50,000 - $55,000 per month per location.
"I know guys that are doing 55 50 to 55k net off their laundromat every month"
Pending
A $300,000 machine was initially planned for the car wash, but this has been reduced to $200,000.
"we're going to put a 300 000 machine in but I think we're just going to do 200k at this point"
Pending
Commercial drop-off services brought in $257 last week and an additional $40-$50 this year so far.
"we did 257 in commercial drop off and then this year we made another 40 50 bucks"
Pending
The laundromat has averaged $288 per day, which is considered good.
"288 dollars a day is what our laundromat has done so far which is actually pretty good if we could keep"
Pending
Maintaining the current pace would result in almost $9,000 in monthly revenue for the laundromat.
"almost nine thousand dollars a month if we can keep that pace"
Pending
The total revenue for the laundromat and vending machines is estimated to be around $1641 ($1441 from laundromat + $75 from vending).
"We had 1441 and then we had what 78 sorry this is 68 or 78 we'll say 75 bucks in vending machine"
Pending
The speaker states that their laundromat has a very high profit margin.
"my laundromat is a very high margin"
Pending
The cost of electricity and water for a $9 washer cycle is estimated to be around 10-15 cents.
"everything I've got 10 cents maybe 15 cents on a washer cycle that I charge nine bucks for"
Pending
The cost of operation for the $3 washers is also similar, estimated at 10-12 cents per cycle.
"the three dollar ones it's a similar margin on it like I used to spend maybe 12 cents on it after it's all said done"
Pending
The goal is to increase the laundromat's gross monthly revenue to $10,000 - $12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
The speaker is transitioning away from renting lower-priced properties.
"I said in a video that I'm moving away from lower price rentals that's absolutely true"
Pending
Higher rent prices are predicted to attract higher quality tenants.
"statistically the more you charge for rent you can and this is it aggravates me to know and you can have a rental in charge 500 for it you can charge 800 for it the tenant that you get that's going to pay 800 for that rental is going to be higher quality tenant than the one for 500"
Pending
High-priced rentals experience very few maintenance issues, with calls occurring about every six months.
"my high price rentals I never have a problem like I'll get in a maintenance call every six months"
Pending
Evictions are extremely rare for the speaker's nicer rental properties.
"I've never had an eviction on my nicer properties but gosh it's practically super rare"
Pending
Lower-priced rentals, intended as favors, frequently result in evictions due to tenant issues.
"my lower price rentals just because I'm trying to do people favor and try to help them out by charging them less rent I have evictions all the time"
Pending
The speaker plans to invest in AI and advanced systems to provide affordable housing due to current system limitations.
"I'm going to spend tons of money in Ai and artificial intelligence and models to do that because I want to I want to provide cheap properties I want to provide affordable properties but the problem is like right at this point I don't know how to do it without a better system"
Pending
The speaker has approximately $500,000 in bank debt.
"I'm in about 500 000 worth of Bank debt"
Pending
A new car wash machine was financed with a $150,000 debt.
"and then I'm 150 000 in debt on the new machine we just put in the car wash"
Pending
The majority of the speaker's other business debt has been obtained through private lending.
"The rest of my debt or investing that I've done it's been all with private money"
Pending
Private lenders offer higher interest rates than banks but provide faster and more flexible access to funds, such as wiring $100,000 on demand.
"I pay a little bit higher interest rates than I do from a bank but there isn't a bank on the face of this planet that I'm aware of that you can call them once and say hey I need you to wire me a hundred thousand dollars and they'll say Okay Brandon we'll go wire a hundred thousand dollars now"
Pending
The current recession is expected to create numerous business and investment opportunities.
"with this recession Those Kinds of Opportunities Are Going to Be Out There like like all everywhere"
Pending
The speaker has secured a 20-year loan from a private lender at a rate lower than bank rates.
"I've got you know one guy that's a 20-year loan below Bank rates"
Pending
Many people are investing in Airbnbs without proper understanding, simply by observing others.
"I run to so many people that are getting into airbnbs that they shouldn't be in airbnbs because they just don't they go and buy an Airbnb because they sell somebody else do it and that's their entire business process"
Pending
The speaker has developed a system for acquiring private lenders.
"How to get private lenders I've got this whole big system that I've built that's what we do"
Pending
The speaker emphasizes the importance of building systems and models in business.
"I'm big on Building Systems and models"
Pending
A system for finding private lenders, specifically targeting wealthy individuals, was shared with Brandon, who then secured a loan the next day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
While an LLC might be advisable for a laundromat purchase, it's not an immediate priority within the first three months of acquisition.
"you should you have an LLC when you buy a laundromat yeah probably but that is not that's not on my radar in the first three months of me trying to buy a laundromat"
Pending
Depreciation is highlighted as a key strategy for reducing taxes.
"how do I reduce taxes depreciation just go just go get some yourself into some delicious delicious depreciation"
Pending
By utilizing deductions, depreciation, and business expenses, individuals can significantly reduce their personal tax liability.
"so you start taking these deductions and these the depreciation and regular business expenses and you start using things for your business as opposed to you as a person and then you start to see your tax liability decrease severely"
Pending
Small business loans can be obtained by creating a business plan and approaching high-net-worth individuals in the community.
"can you get a small loan yeah you can get a small loan go go talk to uh get a business plan together and go talk to high net worth individuals in your community"
Pending
While many lenders may seem sketchy, it's possible to find suitable ones by developing a proper system for approach.
"all of those lenders are Crooks I would say a lot of them are very sketchy but you know there's going to be people that you can approach once you build a proper system"
Pending
Some clients with substantial investments are seeking returns well below 5%.
"there's people I mean I've got people that I have mid six figures with like they have mid six figures with me and they want way under five percent"
Pending
The speaker is willing to lend $20,000 for a building if it's a great opportunity, but with specific stipulations.
"how about I loan you twenty thousand dollars for a building okay send me the information on the building Sack Jack I mean if it's a great building you can get twenty thousand dollars from me but then my stipulations are going to be like this"
Pending
The speaker has a system for finding laundromats and car washes for sale.
"how do I find laundromats or car washes for sale I just I have a system that I built"
Pending
A significant portion of real estate and businesses are not listed online, requiring a proactive strategy to find them.
"knowing that 50 to 70 percent of real estate and business never is on the internet you have to build a strategy to go out and find businesses that aren't for sale"
Pending
The core principle is that all businesses are for sale, and success lies in deal-making and communication.
"Every business is for sale because then it's about making deals with other people and talking to people"
Pending
Tenants in a specific house will be required to carry heavy-duty renters insurance.
"I will require the people in that house to have heavy duty renters insurance"
Pending
The fundamental purpose of any business is to fulfill a need for others.
"all the premise of every business that's out there is to fill a need for somebody else"
Pending
Fulfilling an important need at scale can lead to immense financial success.
"if you find a really important need and you can do it at scale all the money in the world is yours"
Pending
Implementing systems and processes simplifies business operations.
"once you know you come back to systems and processes it's it becomes easier"
Pending
The speaker identifies common community needs such as drywallers, electricians, plumbers, and lawn care services.
"there's things that in communities I see so many people that have a need for a drywaller or they have a need for an electrician or a plumber or somebody go out and mow their yard"
Pending
The speaker purchased an existing laundromat because it was more cost-effective than starting from scratch.
"I bought somebody else's because it's a lot cheaper"
Pending
The speaker is acquiring a coin pusher and plans to create videos related to it soon.
"we are taking possession of my coin pusher which is super cool so we're going to do a lot of coin pusher bit videos here soon"
Pending
The speaker aims to earn significant income to fund future video projects focused on addressing housing affordability issues, blaming the government for current problems.
"I'm trying to make as much money as I can right now because once I go out I can start doing video projects and really screw the government when it comes to housing affordability because I put a lot of the blame on them"
Pending
The average cost of a laundromat is around $300,000.
"the average laundress maybe three hundred thousand dollars and you make the decision whether 300 000 is a lot"
Pending
The success of a video is determined by audience demand for the information presented.
"if it was not important or people did not want that information then no one watched the videos"
Pending
A video about buying and renovating a train station into apartments did not gain traction due to a lack of demand, despite the time invested.
"there was not a demand for that video that I built so and you know it sucks I spent a lot of time on that video but who cares like there wasn't a demand for it"
Pending
An individual in West Virginia acquired three apartment complexes with no money down.
"one guy in West Virginia he bought three apartment complexes with no money down"
Pending
Another individual purchased a car wash with no money down.
"and another guy bought a car wash with no money down"
Pending
A system for acquiring private lenders, specifically targeting wealthy individuals, was shared with Brandon, who then secured a loan the next day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
A coaching call will focus on due diligence procedures for commercial real estate.
"on Thursdays one of the things that we always do on Thursdays is we do a coaching call and today we're going to talk about due diligence on Commercial Real Estate"
Pending
The speaker believes that every business is ultimately for sale.
"every single one's for sale"
Pending
A property previously rented for $800-$1000 will now be rented for $1500 per month.
"that house is going to be 1500 bucks a month it's not going to be at 800 house like I would have done you know four years ago that would have been a thousand dollar house eight hundred dollar house no it's not anymore it's a 1500 house"
Pending
Tenants renting a $1500/month house will have comprehensive renters insurance to cover potential damages, such as a $25,000 stained glass window.
"so that fifteen hundred dollar house tenant is going to have heavy duty heavy duty renters insurance and if they break that freaking stained glass window that's 25 000 in in my house and the house will be occupying they're going to pay for it their insurance is going to pay for it"
Pending
Car wash operations are primarily mechanical, with issues arising 95% of the time.
"the car wash is easy it's mechanical stuff 95 of the time"
Pending
Laundromat issues are increasingly becoming mechanical in nature.
"the laundromat is at this point becoming just nothing but mechanical stuff"
Pending
Diatomaceous earth is ineffective against bed bugs in Ohio due to a different variety of the pest.
"the problem is in the state of Ohio our bed bugs are of a different variety where diatomaceous earth does nothing to them"
Pending
The most effective method for killing bed bugs in Ohio involves using 'Neo contids,' a synthetic nicotine-based poison.
"the easiest way to kill bed bugs in the state of Ohio is to use Neo contids it's essentially a synthetic nicotine synthetic tobacco"
Pending
Many bed bugs have developed resistance to pyrethroid-based products, though they remain effective for fleas and flies.
"the problem is most bed bugs have already adapted to that it still works great on fleas it still works great on flies and stuff like that but bed bugs are so resilient"
Pending
The goal is to increase the laundromat's gross monthly revenue to $10,000 - $12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
The speaker aims for a net profit of $5,000 per month from the laundromat.
"meaning five grand in my pocket every month"
Pending
Some laundromat owners achieve a net profit of $50,000-$55,000 per month per location, even when owning multiple establishments.
"I know guys that are doing 55 50 to 55k net off their laundromat every month and they own multiple laundromats but they're doing 50 plus off one location which is incredible"
Pending
The speaker anticipates that commercial laundry services will nearly double their laundromat's revenue.
"I think that that is going to almost double our Revenue"
Pending
A single commercial laundry service batch increased daily sales by $275.
"our first first batch of laundry we did it boosted sales One Day by 275 bucks"
Pending
A client with Airbnb properties is scaling their portfolio to 20-25 units.
"he is in the process of scaling teeth to between 20 and 25."
Pending
A client is in the process of rehabbing properties, with 4-5 already operational.
"he is in the process of rehabbing but four or five are already open"
Pending
A client with 25 Airbnbs is prepared to pay $1,000 weekly for laundry services.
"he is willing essentially with 25 Airbnbs to pay me a thousand bucks a week a week"
Pending
The speaker's vending machines have generated an estimated $25,000 to $30,000.
"my vending machines have probably made twenty five thirty thousand dollars"
Pending
The speaker's small laundromat currently generates approximately $50,000 annually.
"we're doing maybe 50 000 a year off the laundromat but my laundromat's very small compared to the average laundromat"
Pending
The objective is to increase the laundromat's gross monthly revenue to between $10,000 and $12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
Some laundromat owners achieve a net profit of $50,000-$55,000 per month from a single location.
"I know guys that are doing 55 50 to 55k net off their laundromat every month and they own multiple laundromats but they're doing 50 plus off one location which is incredible"
Pending
The car wash planned investment for a machine has been reduced from $300,000 to $200,000.
"we're going to put a 300 000 machine in but I think we're just going to do 200k at this point"
Pending
Commercial drop-off services generated $257 last week and an additional $40-$50 this year.
"we did 257 in commercial drop off and then this year we made another 40 50 bucks"
Pending
The laundromat's average daily revenue is $288, considered a good performance.
"288 dollars a day is what our laundromat has done so far which is actually pretty good if we could keep"
Pending
Maintaining the current daily revenue pace would result in nearly $9,000 in monthly income for the laundromat.
"almost nine thousand dollars a month if we can keep that pace"
Pending
The total revenue from the laundromat ($1441) and vending machines (estimated $75) is approximately $1516.
"we had 1441 and then we had what 78 sorry this is 68 or 78 we'll say 75 bucks in vending machine"
Pending
The speaker describes their laundromat as having a very high profit margin.
"my laundromat is a very high margin"
Pending
The operating cost (water, electricity) for a $9 washer cycle is estimated at 10-15 cents.
"everything I've got 10 cents maybe 15 cents on a washer cycle that I charge nine bucks for"
Pending
The operating cost for the $3 washers is also similar, around 10-12 cents per cycle.
"the three dollar ones it's a similar margin on it like I used to spend maybe 12 cents on it after it's all said done"
Pending
The speaker confirms a decision to stop focusing on lower-priced rental properties.
"I said in a video that I'm moving away from lower price rentals that's absolutely true"
Pending
Higher rental rates correlate with higher quality tenants.
"statistically the more you charge for rent you can and this is it aggravates me to know and you can have a rental in charge 500 for it you can charge 800 for it the tenant that you get that's going to pay 800 for that rental is going to be higher quality tenant than the one for 500"
Pending
High-end rental properties experience very few issues, with maintenance calls occurring roughly every six months.
"my high price rentals I never have a problem like I'll get in a maintenance call every six months"
Pending
Evictions are almost non-existent for the speaker's more upscale rental properties.
"I've never had an eviction on my nicer properties but gosh it's practically super rare"
Pending
Cheaper rental properties, offered as a favor, lead to frequent eviction issues.
"my lower price rentals just because I'm trying to do people favor and try to help them out by charging them less rent I have evictions all the time"
Pending
The speaker intends to invest heavily in AI and advanced systems to create affordable housing options, as current systems are insufficient.
"I'm going to spend tons of money in Ai and artificial intelligence and models to do that because I want to I want to provide cheap properties I want to provide affordable properties but the problem is like right at this point I don't know how to do it without a better system"
Pending
The speaker currently has approximately $500,000 in bank debt.
"I'm in about 500 000 worth of Bank debt"
Pending
A new car wash machine was financed with a debt of $150,000.
"and then I'm 150 000 in debt on the new machine we just put in the car wash"
Pending
All other business debt and investments have been funded through private lending.
"The rest of my debt or investing that I've done it's been all with private money"
Pending
Private lenders, while charging slightly higher interest, offer unparalleled speed and flexibility in fund access compared to traditional banks.
"I pay a little bit higher interest rates than I do from a bank but there isn't a bank on the face of this planet that I'm aware of that you can call them once and say hey I need you to wire me a hundred thousand dollars and they'll say Okay Brandon we'll go wire a hundred thousand dollars now"
Pending
The current recession is predicted to create abundant opportunities across various sectors.
"with this recession Those Kinds of Opportunities Are Going to Be Out There like like all everywhere"
Pending
The speaker has secured a private loan with a 20-year term at a rate lower than typical bank rates.
"I've got you know one guy that's a 20-year loan below Bank rates"
Pending
Many individuals are entering the Airbnb market without adequate knowledge, merely by imitating others.
"I run to so many people that are getting into airbnbs that they shouldn't be in airbnbs because they just don't they go and buy an Airbnb because they sell somebody else do it and that's their entire business process"
Pending
The speaker has established a comprehensive system for securing private lenders.
"How to get private lenders I've got this whole big system that I've built that's what we do"
Pending
The speaker emphasizes the significance of developing robust business systems and models.
"I'm big on Building Systems and models"
Pending
A strategy for finding private lenders, specifically targeting wealthy individuals, was provided to Brandon, who successfully secured a loan the following day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
While an LLC is likely beneficial for a laundromat purchase, it is not a primary focus within the initial three months of the acquisition process.
"you should you have an LLC when you buy a laundromat yeah probably but that is not that's not on my radar in the first three months of me trying to buy a laundromat"
Pending
Depreciation is presented as a highly effective method for tax reduction.
"how do I reduce taxes depreciation just go just go get some yourself into some delicious delicious depreciation"
Pending
By leveraging deductions, depreciation, and business expenses, individuals can significantly lower their tax liability.
"so you start taking these deductions and these the depreciation and regular business expenses and you start using things for your business as opposed to you as a person and then you start to see your tax liability decrease severely"
Pending
Small business loans can be secured by developing a business plan and approaching high-net-worth individuals.
"can you get a small loan yeah you can get a small loan go go talk to uh get a business plan together and go talk to high net worth individuals in your community"
Pending
Despite the prevalence of questionable lenders, a well-developed system can facilitate finding suitable financing options.
"all of those lenders are Crooks I would say a lot of them are very sketchy but you know there's going to be people that you can approach once you build a proper system"
Pending
Some clients with substantial investments are seeking returns significantly below 5%.
"there's people I mean I've got people that I have mid six figures with like they have mid six figures with me and they want way under five percent"
Pending
The speaker is willing to provide a $20,000 loan for a building project, contingent on specific conditions.
"how about I loan you twenty thousand dollars for a building okay send me the information on the building Sack Jack I mean if it's a great building you can get twenty thousand dollars from me but then my stipulations are going to be like this"
Pending
The speaker possesses a system for locating laundromats and car washes that are available for purchase.
"how do I find laundromats or car washes for sale I just I have a system that I built"
Pending
A significant portion of businesses and real estate are not publicly listed, necessitating a proactive strategy to identify off-market opportunities.
"knowing that 50 to 70 percent of real estate and business never is on the internet you have to build a strategy to go out and find businesses that aren't for sale"
Pending
The speaker believes that all businesses are potentially for sale, emphasizing the importance of negotiation and communication in deal-making.
"Every business is for sale because then it's about making deals with other people and talking to people"
Pending
Tenants residing in a particular house will be mandated to possess comprehensive renters insurance.
"I will require the people in that house to have heavy duty renters insurance"
Pending
The fundamental principle of any business is to address a need for others.
"all the premise of every business that's out there is to fill a need for somebody else"
Pending
Identifying and fulfilling a critical need at scale can lead to substantial financial wealth.
"if you find a really important need and you can do it at scale all the money in the world is yours"
Pending
Implementing effective systems and processes simplifies business operations.
"once you know you come back to systems and processes it's it becomes easier"
Pending
The speaker observes consistent demand for tradespeople like drywallers, electricians, plumbers, and yard maintenance services within communities.
"there's things that in communities I see so many people that have a need for a drywaller or they have a need for an electrician or a plumber or somebody go out and mow their yard"
Pending
The speaker chose to purchase an existing laundromat due to its lower cost compared to starting a new one.
"I bought somebody else's because it's a lot cheaper"
Pending
The speaker is acquiring a coin pusher and plans to produce related video content shortly.
"we are taking possession of my coin pusher which is super cool so we're going to do a lot of coin pusher bit videos here soon"
Pending
The speaker aims to accumulate capital for future video projects focused on challenging the government's approach to housing affordability.
"I'm trying to make as much money as I can right now because once I go out I can start doing video projects and really screw the government when it comes to housing affordability because I put a lot of the blame on them"
Pending
The average cost to acquire a laundromat is approximately $300,000.
"the average laundress maybe three hundred thousand dollars and you make the decision whether 300 000 is a lot"
Pending
Content viewership directly reflects audience interest and demand for the information provided.
"if it was not important or people did not want that information then no one watched the videos"
Pending
A video about converting a train station into apartments failed to gain traction due to a lack of audience demand, despite the effort invested.
"there was not a demand for that video that I built so and you know it sucks I spent a lot of time on that video but who cares like there wasn't a demand for it"
Pending
An individual in West Virginia successfully acquired three apartment complexes without any upfront capital.
"one guy in West Virginia he bought three apartment complexes with no money down"
Pending
Another individual purchased a car wash with zero down payment.
"and another guy bought a car wash with no money down"
Pending
A system for securing private lenders, emphasizing targeting affluent individuals, was shared with Brandon, who then secured a loan the following day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
A coaching session will be dedicated to discussing due diligence practices for commercial real estate.
"on Thursdays one of the things that we always do on Thursdays is we do a coaching call and today we're going to talk about due diligence on Commercial Real Estate"
Pending
The speaker asserts that every business is potentially available for purchase.
"every single one's for sale"
Pending
A property previously valued at $800-$1000 per month will now be rented for $1500 per month.
"that house is going to be 1500 bucks a month it's not going to be at 800 house like I would have done you know four years ago that would have been a thousand dollar house eight hundred dollar house no it's not anymore it's a 1500 house"
Pending
Tenants in a $1500/month rental will be required to have comprehensive renters insurance to cover potential damages, such as a $25,000 stained glass window.
"so that fifteen hundred dollar house tenant is going to have heavy duty heavy duty renters insurance and if they break that freaking stained glass window that's 25 000 in in my house and the house will be occupying they're going to pay for it their insurance is going to pay for it"
Pending
Car wash operations are largely mechanical, with issues typically related to machinery 95% of the time.
"the car wash is easy it's mechanical stuff 95 of the time"
Pending
Laundromat problems are increasingly becoming mechanical in nature.
"the laundromat is at this point becoming just nothing but mechanical stuff"
Pending
Diatomaceous earth is ineffective against Ohio's bed bug population due to their unique variety.
"the problem is in the state of Ohio our bed bugs are of a different variety where diatomaceous earth does nothing to them"
Pending
The most effective method for eliminating bed bugs in Ohio involves using 'Neo contids,' a synthetic nicotine-based pesticide.
"the easiest way to kill bed bugs in the state of Ohio is to use Neo contids it's essentially a synthetic nicotine synthetic tobacco"
Pending
Bed bugs have largely adapted to pyrethroid-based treatments, which remain effective for fleas and flies but are less so for resilient bed bug populations.
"the problem is most bed bugs have already adapted to that it still works great on fleas it still works great on flies and stuff like that but bed bugs are so resilient"
Pending
The aim is to increase the laundromat's gross monthly revenue to $10,000-$12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
The speaker's target net profit for the laundromat is $5,000 per month.
"meaning five grand in my pocket every month"
Pending
It is noted that some laundromat owners achieve a net profit of $50,000-$55,000 per month from a single location.
"I know guys that are doing 55 50 to 55k net off their laundromat every month and they own multiple laundromats but they're doing 50 plus off one location which is incredible"
Pending
The implementation of commercial laundry services is projected to nearly double the laundromat's revenue.
"I think that that is going to almost double our Revenue"
Pending
A single commercial laundry service order resulted in a $275 increase in daily sales.
"our first first batch of laundry we did it boosted sales One Day by 275 bucks"
Pending
A client is expanding their Airbnb portfolio, aiming for 20 to 25 properties.
"he is in the process of scaling teeth to between 20 and 25."
Pending
A client is undertaking property rehabilitation, with 4-5 units already operational.
"he is in the process of rehabbing but four or five are already open"
Pending
A client with 25 Airbnbs is prepared to pay $1,000 per week for laundry services.
"he is willing essentially with 25 Airbnbs to pay me a thousand bucks a week a week"
Pending
The speaker's vending machines have generated an estimated $25,000 to $30,000.
"my vending machines have probably made twenty five thirty thousand dollars"
Pending
The speaker's small laundromat generates approximately $50,000 annually, which is below the average for larger establishments.
"we're doing maybe 50 000 a year off the laundromat but my laundromat's very small compared to the average laundromat"
Pending
The goal is to increase the laundromat's gross monthly revenue to $10,000-$12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
Some laundromat owners achieve an impressive net profit of $50,000-$55,000 per month from a single location.
"I know guys that are doing 55 50 to 55k net off their laundromat every month and they own multiple laundromats but they're doing 50 plus off one location which is incredible"
Pending
The planned investment for a car wash machine has been revised from $300,000 down to $200,000.
"we're going to put a 300 000 machine in but I think we're just going to do 200k at this point"
Pending
Commercial laundry services generated $257 last week and an additional $40-$50 this year so far.
"we did 257 in commercial drop off and then this year we made another 40 50 bucks"
Pending
The laundromat has averaged $288 per day, which is considered a strong performance.
"288 dollars a day is what our laundromat has done so far which is actually pretty good if we could keep"
Pending
Maintaining the current daily revenue pace would result in nearly $9,000 in monthly income for the laundromat.
"almost nine thousand dollars a month if we can keep that pace"
Pending
The combined revenue from the laundromat ($1441) and vending machines (estimated $75) is approximately $1516.
"we had 1441 and then we had what 78 sorry this is 68 or 78 we'll say 75 bucks in vending machine"
Pending
The speaker highlights the high-profit margin of their laundromat.
"my laundromat is a very high margin"
Pending
The estimated operating cost for a $9 washer cycle, including utilities, is between 10 and 15 cents.
"everything I've got 10 cents maybe 15 cents on a washer cycle that I charge nine bucks for"
Pending
The operating cost for the $3 washers is similar, estimated at 10-12 cents per cycle.
"the three dollar ones it's a similar margin on it like I used to spend maybe 12 cents on it after it's all said done"
Pending
The speaker confirms their decision to shift focus away from lower-priced rental properties.
"I said in a video that I'm moving away from lower price rentals that's absolutely true"
Pending
Higher rental prices are statistically correlated with higher quality tenants.
"statistically the more you charge for rent you can and this is it aggravates me to know and you can have a rental in charge 500 for it you can charge 800 for it the tenant that you get that's going to pay 800 for that rental is going to be higher quality tenant than the one for 500"
Pending
High-end rental properties experience minimal issues, with maintenance calls occurring approximately every six months.
"my high price rentals I never have a problem like I'll get in a maintenance call every six months"
Pending
Evictions are extremely rare for the speaker's more upscale rental properties.
"I've never had an eviction on my nicer properties but gosh it's practically super rare"
Pending
Lower-priced rentals, offered as a goodwill gesture, frequently lead to eviction issues.
"my lower price rentals just because I'm trying to do people favor and try to help them out by charging them less rent I have evictions all the time"
Pending
The speaker plans to invest heavily in AI and advanced systems to create affordable housing solutions, as current systems are inadequate.
"I'm going to spend tons of money in Ai and artificial intelligence and models to do that because I want to I want to provide cheap properties I want to provide affordable properties but the problem is like right at this point I don't know how to do it without a better system"
Pending
The speaker has approximately $500,000 in bank debt.
"I'm in about 500 000 worth of Bank debt"
Pending
A new car wash machine was financed with a debt of $150,000.
"and then I'm 150 000 in debt on the new machine we just put in the car wash"
Pending
All other business debt and investments have been funded through private lending channels.
"The rest of my debt or investing that I've done it's been all with private money"
Pending
Private lenders offer greater speed and flexibility in fund access compared to banks, despite potentially higher interest rates.
"I pay a little bit higher interest rates than I do from a bank but there isn't a bank on the face of this planet that I'm aware of that you can call them once and say hey I need you to wire me a hundred thousand dollars and they'll say Okay Brandon we'll go wire a hundred thousand dollars now"
Pending
The current recession is expected to generate numerous opportunities across various sectors.
"with this recession Those Kinds of Opportunities Are Going to Be Out There like like all everywhere"
Pending
The speaker has secured a 20-year private loan at a rate lower than bank rates.
"I've got you know one guy that's a 20-year loan below Bank rates"
Pending
Many individuals are entering the Airbnb market without adequate preparation, simply by imitating successful investors.
"I run to so many people that are getting into airbnbs that they shouldn't be in airbnbs because they just don't they go and buy an Airbnb because they sell somebody else do it and that's their entire business process"
Pending
The speaker has developed a comprehensive system for securing private lenders.
"How to get private lenders I've got this whole big system that I've built that's what we do"
Pending
The speaker emphasizes the importance of establishing robust business systems and models.
"I'm big on Building Systems and models"
Pending
A strategy for finding private lenders, targeting wealthy individuals, was shared with Brandon, who then successfully secured a loan the next day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
While an LLC is likely advisable for a laundromat purchase, it is not an immediate priority within the first three months of acquisition.
"you should you have an LLC when you buy a laundromat yeah probably but that is not that's not on my radar in the first three months of me trying to buy a laundromat"
Pending
Depreciation is highlighted as a key strategy for reducing tax obligations.
"how do I reduce taxes depreciation just go just go get some yourself into some delicious delicious depreciation"
Pending
By utilizing deductions, depreciation, and business expenses, individuals can significantly decrease their personal tax liability.
"so you start taking these deductions and these the depreciation and regular business expenses and you start using things for your business as opposed to you as a person and then you start to see your tax liability decrease severely"
Pending
Small business loans can be obtained by creating a business plan and approaching high-net-worth individuals in the local community.
"can you get a small loan yeah you can get a small loan go go talk to uh get a business plan together and go talk to high net worth individuals in your community"
Pending
While many lenders may appear unreliable, a structured approach can lead to finding suitable financing partners.
"all of those lenders are Crooks I would say a lot of them are very sketchy but you know there's going to be people that you can approach once you build a proper system"
Pending
Some clients with substantial investments are seeking returns significantly below 5%.
"there's people I mean I've got people that I have mid six figures with like they have mid six figures with me and they want way under five percent"
Pending
The speaker is open to lending $20,000 for a building project, provided it's a strong opportunity, and will have specific conditions.
"how about I loan you twenty thousand dollars for a building okay send me the information on the building Sack Jack I mean if it's a great building you can get twenty thousand dollars from me but then my stipulations are going to be like this"
Pending
The speaker utilizes a self-developed system for identifying laundromats and car washes available for purchase.
"how do I find laundromats or car washes for sale I just I have a system that I built"
Pending
A significant majority of businesses and real estate are not listed online, requiring a proactive strategy to discover off-market opportunities.
"knowing that 50 to 70 percent of real estate and business never is on the internet you have to build a strategy to go out and find businesses that aren't for sale"
Pending
The speaker's core belief is that all businesses are potentially for sale, emphasizing deal-making and communication.
"Every business is for sale because then it's about making deals with other people and talking to people"
Pending
Tenants occupying a specific house will be mandated to carry comprehensive renters insurance.
"I will require the people in that house to have heavy duty renters insurance"
Pending
The fundamental purpose of any business is to address a need within the market.
"all the premise of every business that's out there is to fill a need for somebody else"
Pending
Identifying and fulfilling a critical need at a large scale can lead to significant financial success.
"if you find a really important need and you can do it at scale all the money in the world is yours"
Pending
Implementing effective systems and processes simplifies business management.
"once you know you come back to systems and processes it's it becomes easier"
Pending
The speaker observes consistent demand for tradespeople (drywallers, electricians, plumbers) and service providers (lawn care) within communities.
"there's things that in communities I see so many people that have a need for a drywaller or they have a need for an electrician or a plumber or somebody go out and mow their yard"
Pending
The speaker opted to purchase an existing laundromat due to its cost-effectiveness compared to starting a new one.
"I bought somebody else's because it's a lot cheaper"
Pending
The speaker is acquiring a coin pusher and plans to release associated video content shortly.
"we are taking possession of my coin pusher which is super cool so we're going to do a lot of coin pusher bit videos here soon"
Pending
The speaker aims to accumulate capital for future video projects focused on challenging government policies related to housing affordability.
"I'm trying to make as much money as I can right now because once I go out I can start doing video projects and really screw the government when it comes to housing affordability because I put a lot of the blame on them"
Pending
The average cost to acquire a laundromat is approximately $300,000.
"the average laundress maybe three hundred thousand dollars and you make the decision whether 300 000 is a lot"
Pending
Content viewership is a direct indicator of audience interest and demand for the information presented.
"if it was not important or people did not want that information then no one watched the videos"
Pending
A video about converting a train station into apartments did not gain traction due to a lack of audience demand, despite the significant effort invested.
"there was not a demand for that video that I built so and you know it sucks I spent a lot of time on that video but who cares like there wasn't a demand for it"
Pending
An individual in West Virginia successfully purchased three apartment complexes without any upfront capital.
"one guy in West Virginia he bought three apartment complexes with no money down"
Pending
Another individual acquired a car wash with no down payment.
"and another guy bought a car wash with no money down"
Pending
A strategy for finding private lenders, targeting wealthy individuals, was provided to Brandon, who then successfully secured a loan the next day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
A coaching session will focus on due diligence procedures for commercial real estate investments.
"on Thursdays one of the things that we always do on Thursdays is we do a coaching call and today we're going to talk about due diligence on Commercial Real Estate"
Pending
The speaker asserts that all businesses are potentially available for purchase.
"every single one's for sale"
Pending
A property previously rented for $800-$1000 per month will now be listed at $1500 per month.
"that house is going to be 1500 bucks a month it's not going to be at 800 house like I would have done you know four years ago that would have been a thousand dollar house eight hundred dollar house no it's not anymore it's a 1500 house"
Pending
Tenants renting a $1500/month property will be required to carry comprehensive renters insurance to cover potential damages, such as a $25,000 stained glass window.
"so that fifteen hundred dollar house tenant is going to have heavy duty heavy duty renters insurance and if they break that freaking stained glass window that's 25 000 in in my house and the house will be occupying they're going to pay for it their insurance is going to pay for it"
Pending
Car wash operations are primarily mechanical, with issues typically stemming from machinery 95% of the time.
"the car wash is easy it's mechanical stuff 95 of the time"
Pending
Laundromat problems are increasingly becoming mechanical in nature.
"the laundromat is at this point becoming just nothing but mechanical stuff"
Pending
Diatomaceous earth is ineffective against bed bugs in Ohio due to a specific variety of the pest.
"the problem is in the state of Ohio our bed bugs are of a different variety where diatomaceous earth does nothing to them"
Pending
The most effective method for eliminating bed bugs in Ohio involves using 'Neo contids,' a synthetic nicotine-based pesticide.
"the easiest way to kill bed bugs in the state of Ohio is to use Neo contids it's essentially a synthetic nicotine synthetic tobacco"
Pending
Bed bugs have largely developed resistance to pyrethroid-based treatments, while these remain effective for fleas and flies.
"the problem is most bed bugs have already adapted to that it still works great on fleas it still works great on flies and stuff like that but bed bugs are so resilient"
Pending
The goal is to increase the laundromat's gross monthly revenue to $10,000-$12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
The speaker aims for a net profit of $5,000 per month from the laundromat.
"meaning five grand in my pocket every month"
Pending
Some laundromat owners achieve an impressive net profit of $50,000-$55,000 per month from a single location.
"I know guys that are doing 55 50 to 55k net off their laundromat every month and they own multiple laundromats but they're doing 50 plus off one location which is incredible"
Pending
The implementation of commercial laundry services is projected to nearly double the laundromat's revenue.
"I think that that is going to almost double our Revenue"
Pending
A single commercial laundry service order resulted in a $275 increase in daily sales.
"our first first batch of laundry we did it boosted sales One Day by 275 bucks"
Pending
A client is expanding their Airbnb portfolio, targeting 20 to 25 properties.
"he is in the process of scaling teeth to between 20 and 25."
Pending
A client is undertaking property rehabilitation, with 4-5 units already operational.
"he is in the process of rehabbing but four or five are already open"
Pending
A client with 25 Airbnbs is prepared to pay $1,000 per week for laundry services.
"he is willing essentially with 25 Airbnbs to pay me a thousand bucks a week a week"
Pending
The speaker's vending machines have generated an estimated $25,000 to $30,000.
"my vending machines have probably made twenty five thirty thousand dollars"
Pending
The speaker's small laundromat generates approximately $50,000 annually, below the average for larger establishments.
"we're doing maybe 50 000 a year off the laundromat but my laundromat's very small compared to the average laundromat"
Pending
The objective is to increase the laundromat's gross monthly revenue to $10,000-$12,000.
"I'm trying to get it up to ten thousand dollars or sorry yeah ten to twelve thousand a month gross not net"
Pending
Some laundromat owners achieve an impressive net profit of $50,000-$55,000 per month from a single location.
"I know guys that are doing 55 50 to 55k net off their laundromat every month and they own multiple laundromats but they're doing 50 plus off one location which is incredible"
Pending
The planned investment for a car wash machine has been revised from $300,000 down to $200,000.
"we're going to put a 300 000 machine in but I think we're just going to do 200k at this point"
Pending
Commercial laundry services generated $257 last week and an additional $40-$50 this year so far.
"we did 257 in commercial drop off and then this year we made another 40 50 bucks"
Pending
The laundromat has averaged $288 per day, which is considered a strong performance.
"288 dollars a day is what our laundromat has done so far which is actually pretty good if we could keep"
Pending
Maintaining the current daily revenue pace would result in nearly $9,000 in monthly income for the laundromat.
"almost nine thousand dollars a month if we can keep that pace"
Pending
The combined revenue from the laundromat ($1441) and vending machines (estimated $75) is approximately $1516.
"we had 1441 and then we had what 78 sorry this is 68 or 78 we'll say 75 bucks in vending machine"
Pending
The speaker highlights the high-profit margin of their laundromat.
"my laundromat is a very high margin"
Pending
The estimated operating cost for a $9 washer cycle, including utilities, is between 10 and 15 cents.
"everything I've got 10 cents maybe 15 cents on a washer cycle that I charge nine bucks for"
Pending
The operating cost for the $3 washers is similar, estimated at 10-12 cents per cycle.
"the three dollar ones it's a similar margin on it like I used to spend maybe 12 cents on it after it's all said done"
Pending
The speaker confirms their decision to shift focus away from lower-priced rental properties.
"I said in a video that I'm moving away from lower price rentals that's absolutely true"
Pending
Higher rental prices are statistically correlated with higher quality tenants.
"statistically the more you charge for rent you can and this is it aggravates me to know and you can have a rental in charge 500 for it you can charge 800 for it the tenant that you get that's going to pay 800 for that rental is going to be higher quality tenant than the one for 500"
Pending
High-end rental properties experience minimal issues, with maintenance calls occurring approximately every six months.
"my high price rentals I never have a problem like I'll get in a maintenance call every six months"
Pending
Evictions are extremely rare for the speaker's more upscale rental properties.
"I've never had an eviction on my nicer properties but gosh it's practically super rare"
Pending
Lower-priced rentals, offered as a goodwill gesture, frequently lead to eviction issues.
"my lower price rentals just because I'm trying to do people favor and try to help them out by charging them less rent I have evictions all the time"
Pending
The speaker plans to invest heavily in AI and advanced systems to create affordable housing solutions, as current systems are inadequate.
"I'm going to spend tons of money in Ai and artificial intelligence and models to do that because I want to I want to provide cheap properties I want to provide affordable properties but the problem is like right at this point I don't know how to do it without a better system"
Pending
The speaker has approximately $500,000 in bank debt.
"I'm in about 500 000 worth of Bank debt"
Pending
A new car wash machine was financed with a debt of $150,000.
"and then I'm 150 000 in debt on the new machine we just put in the car wash"
Pending
All other business debt and investments have been funded through private lending channels.
"The rest of my debt or investing that I've done it's been all with private money"
Pending
Private lenders offer greater speed and flexibility in fund access compared to banks, despite potentially higher interest rates.
"I pay a little bit higher interest rates than I do from a bank but there isn't a bank on the face of this planet that I'm aware of that you can call them once and say hey I need you to wire me a hundred thousand dollars and they'll say Okay Brandon we'll go wire a hundred thousand dollars now"
Pending
The current recession is expected to generate numerous opportunities across various sectors.
"with this recession Those Kinds of Opportunities Are Going to Be Out There like like all everywhere"
Pending
The speaker has secured a 20-year private loan at a rate lower than bank rates.
"I've got you know one guy that's a 20-year loan below Bank rates"
Pending
Many individuals are entering the Airbnb market without adequate preparation, simply by imitating successful investors.
"I run to so many people that are getting into airbnbs that they shouldn't be in airbnbs because they just don't they go and buy an Airbnb because they sell somebody else do it and that's their entire business process"
Pending
The speaker has developed a comprehensive system for securing private lenders.
"How to get private lenders I've got this whole big system that I've built that's what we do"
Pending
The speaker emphasizes the importance of establishing robust business systems and models.
"I'm big on Building Systems and models"
Pending
A strategy for finding private lenders, targeting wealthy individuals, was provided to Brandon, who then successfully secured a loan the next day.
"Brandon Michigan he went out the next day where I just gave him the system run down I was like okay you need to start going after Rich old people"
Pending
While an LLC is likely advisable for a laundromat purchase, it is not an immediate priority within the first three months of acquisition.
"you should you have an LLC when you buy a laundromat yeah probably but that is not that's not on my radar in the first three months of me trying to buy a laundromat"
Pending
Depreciation is highlighted as a key strategy for reducing tax obligations.
"how do I reduce taxes depreciation just go just go get some yourself into some delicious delicious depreciation"
Pending
By leveraging deductions, depreciation, and business expenses, individuals can significantly decrease their personal tax liability.
"so you start taking these deductions and these the depreciation and regular business expenses and you start using things for your business as opposed to you as a person and then you start to see your tax liability decrease severely"
Pending
Small business loans can be obtained by creating a business plan and approaching high-net-worth individuals in the local community.
"can you get a small loan yeah you can get a small loan go go talk to uh get a business plan together and go talk to high net worth individuals in your community"
Pending
While many lenders may appear unreliable, a structured approach can lead to finding suitable financing partners.
"all of those lenders are Crooks I would say a lot of them are very sketchy but you know there's going to be people that you can approach once you build a proper system"
Pending
Some clients with substantial investments are seeking returns significantly below 5%.
"there's people I mean I've got people that I have mid six figures with like they have mid six figures with me and they want way under five percent"
Pending
The speaker is open to lending $20,000 for a building project, provided it's a strong opportunity, and will have specific conditions.
"how about I loan you twenty thousand dollars for a building okay send me the information on the building Sack Jack I mean if it's a great building you can get twenty thousand dollars from me but then my stipulations are going to be like this"
Pending
The speaker utilizes a self-developed system for identifying laundromats and car washes available for purchase.
"how do I find laundromats or car washes for sale I just I have a system that I built"
Pending
A significant majority of businesses and real estate are not listed online, requiring a proactive strategy to discover off-market opportunities.
"knowing that 50 to 70 percent of real estate and business never is on the internet you have to build a strategy to go out and find businesses that aren't for sale"
Pending
The speaker's core belief is that all businesses are potentially for sale, emphasizing deal-making and communication.
"Every business is for sale because then it's about making deals with other people and talking to people"
Pending
Tenants occupying a specific house will be mandated to carry comprehensive renters insurance.
"I will require the people in that house to have heavy duty renters insurance"
Pending
The fundamental purpose of any business is to address a need within the market.
"all the premise of every business that's out there is to fill a need for somebody else"
Pending
Identifying and fulfilling a critical need at a large scale can lead to significant financial success.
"if you find a really important need and you can do it at scale all the money in the world is yours"
Pending
Implementing effective systems and processes simplifies business management.
"once you know you come back to systems and processes it's it becomes easier"
Pending
The speaker observes consistent demand for tradespeople (drywallers, electricians, plumbers) and service providers (lawn care) within communities.
"there's things that in communities I see so many people that have a need for a drywaller or they have a need for an electrician or a plumber or somebody go out and mow their yard"
Pending
The speaker opted to purchase an existing laundromat due to its cost-effectiveness compared to starting a new one.
"I bought somebody else's because it's a lot cheaper"
Pending
The speaker is acquiring a coin pusher and plans to release associated video content shortly.
"we are taking possession of my coin pusher which is super cool so we're going to do a lot of coin pusher bit videos here soon"
Pending
The speaker aims to accumulate capital for future video projects focused on challenging government policies related to housing affordability.
"I'm trying to make as much money as I can right now because once I go out I can start doing video projects and really screw the government when it comes to housing affordability because I put a lot of the blame on them"
Pending
The average cost to acquire a laundromat is approximately $300,000.
"the average laundress maybe three hundred thousand dollars and you make the decision whether 300 000 is a lot"
Pending
Content viewership is a direct indicator of audience interest and demand for the information presented.
"if it was not important or people did not want that information then no one watched the videos"
Pending
A video about converting a train station into apartments did not gain traction due to a lack of audience demand, despite the significant effort invested.
"there was not a demand for that video that I built so and you know it sucks I spent a lot of time on that video but who cares like there wasn't a demand for it"
Pending