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Updated almost 9 years ago on . Most recent reply

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Dustin Lavender
  • Investor
  • searcy, AR
111
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147
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We have just signed on our biggest deal yet!!

Dustin Lavender
  • Investor
  • searcy, AR
Posted
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 serve carwash. Earlier today I put in an offer on a 36'x110' coin laundry facility fully furnished. The property is also home to a double bay car wash. One side is a self serve bay and the other side is an automatic. The appraisal and paperwork show a monthly revenue of $8,000 with the current appraisal showing a value of $400k. We have a signed purchase agreement for $250k. I cannot express in words how excited, scared, and whatever else I am. Now we just have to put together the funds! 😬

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

agreed.. !!! no argument from me... I think many people are not open minded to other ways to make money.

many times there is far more reward in owning a small business like these than simply buying rental properties..

I see this a lot...  Heck running a subway sandwhich franchise is a better use of 100k than buying most rental properties long term.

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JLH Capital Partners

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