All Forum Posts by: Cameron Crosley

Hey Paul I got a couple questions.

Thoughts on attended vs unatended?

How do you verify financials on sites like bizbuysell.com when looking at laundromats? 

Would a laundry owner be open to someone working there for free in exchange for learning about the business?

Is there any sort of support you have as an owner? Like someone you can go to with questions?

Hello BP community, 

So I know this is random but I have been reading into owning a laundromat as an easy to run business. It looks as though there is a lot of upside potential and not too many negatives. Aside from the start up capital and having employees instead of tenants there seems to be a lot of similarities with real estate. I am particularly interested in the passive cash flow and convenience of not having to be on site daily. Does anyone have any experience know of anyone that has experience with this? It would be great to get some insight!

@J. Martin , @Carolina Solorzano That sounds great! I won't be able to make this one but I would definitely like to go to one in the future! Are they held monthly? 

@Darius Hollis Yes I am from Arizona originally but buying out of state is somewhat daunting and also I would not want to put down 20% if possible. Additionally, it might be worth noting that I am in the military so I can't just up and move that easily, not sure if this helps any.

I have been reading and learning as much as I can for the last couple years and am wanting to get into real estate. The only problem is I work/live in San Francisco and it seems too expensive too start here. Currently, I have saved a good amount of cash (over 30k) and I want to get into multifamily properties but the only properties I see possible to cash flow on are hours away. Any suggestions? Thanks!

Does anyone have really good insight into the Arizona real estate market for multifamily properties particularly in Mesa? Stuff like rents increasing, new industry, population growth, appreciation, crime statistics, etc. I looked online at city data and got some good info as well as subscribed to the phoenix business journal but maybe someone living there can help frame the picture a little better?

 Hi Benjamin,

The cash flow on a SFH would not be as much as a multi and my goal is to buy and hold. Also I like having multiple tenants for vacancy. It would be really nice to work with my mom though!

Hey BP,

I am new to real estate and am looking into multifamily properties in Phoenix metro area for my first deal. I live in the bay area for work so I will need to operate out of state because I cannot afford it here!  I am originally from AZ, my mom is still there as a realtor for single family homes buy does not know the market for multifamily.