ilmscore | Why I Didn't BUY The $40,000 Foster Home DISASTER!

Why I Didn't BUY The $40,000 Foster Home DISASTER!

Published: 2022-10-29
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The speaker predicts a potential increase in annual rental income of $40,000-$50,000 if market conditions are favorable.
"so in a normal environment we should be able to up our rents forty to fifty thousand dollars a year if everything works right"
Rental Property Income
Pending
A specific rental property, currently at $400/month, is expected to be re-rented for $500-$550/month after renovations.
"once we get done it'll probably be 500 to 550."
Rental Property Value
Pending
The speaker expresses disappointment that a significant amount of quarters have not been used, implying lower-than-expected machine activity.
"we didn't ease up a ton of quarters between last time and now just a guess which is upsetting"
Coin Usage
Pending
The speaker aims for their coin machine to be more reliable than competing machines.
"my goal is to be more reliable than the other machine"
Coin Machine Reliability
Pending
A specific coin machine is experiencing issues with jamming and bills getting crinkled, indicating potential malfunction.
"this five got jammed and if you notice all of the bills they get rolled and crinkled really weird"
Coin Machine Performance
Pending
The drop-off laundry service is not directly profitable but generates revenue through increased utilization of existing machines during off-peak hours.
"I'm not making any profit off of the machines more or less but we're getting additional use on my washers and dryers that we wouldn't have because it's being done during off-peak hours"
Laundry Drop-off Service Profitability
Pending
Repairing a change machine is identified as a significant task for the day, indicating it's a current operational focus.
"the big task today is going to be working on that change machine over there"
Vending Machine Business
Pending
Significant investment ($300k-$400k) was made in rental property upgrades during 2020 and 2021.
"I've put probably three four hundred thousand dollars in rentals in 2020 and 2021 in terms of upgrades"
Rental Property Upgrades Investment
Pending
The cost of plywood has decreased from approximately $65 per sheet in 2020-2021 to $32 per sheet currently.
"we're now spending thirty two dollars a sheet on plywood during 2020 2021 we're spending about 65 on it"
Plywood Cost
Pending
A rental property currently at $400/month is projected to increase to $500-$550/month after renovations.
"this was a 400 rental once we get done it'll probably be 500 to 550."
Rental Property Value Increase
Pending