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Multi-Family and Apartment Investing

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Farakh Zaman
Pro Member
  • Investor
  • Ewa Beach, HI
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68
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4Plex Coin Laundry? Buy vs. lease and how to collect funds?

Farakh Zaman
Pro Member
  • Investor
  • Ewa Beach, HI
Posted Oct 24 2017, 15:23

Hi,

We're in the process of acquiring a 4plex in Colorado Springs.  Current owner had a leased machine in the building from a company called Jetz.  Reading reviews on line, they didn't seem that great but haven't had anyone tell me about them from first hand experience. 

Two questions:

1) Should I purchase a commercial washer/dryer?

2) Should I lease instead?

Also, we don't live near the place we are buying (out of state) so was wondering how coin collection works?  I've never had one in our units before.

Finally, does anyone have any experience w/ the credit card machines?

Thanks!

Farakh

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