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May 25, 2012, 01:29:29 PM

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Real Estate Investing Forums  |  Real Estate Investing  |  Commercial, Mobile Homes, Self Storage, Notes, Land Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Know anything about landromats, financing, etc « previous next »
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Author Topic: Know anything about landromats, financing, etc  (Read 1059 times)
Eureka
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« on: March 03, 2005, 03:40:06 PM »

Hello, I am new to this website and a relatively new investor.  I currently have 3 SFH's homes as well as 6 duplexes.  I live in a small town in North Florida that has doubled in size in the past 5 years and will continue to grow.  Right now, there is only one laundrymat in the entire town.  It's located in a small shopping center and is always busy (it took me 3 days of dropping in until I finally had access to one of the larger washers for my comforter).  When I did finally get a washer, I ran into the owner whom I've known at a distance for about 10 years.  He's trying to sell the place.  Took me back showed me some numbers.  So I'm curious if any of you have ever owned a laundrymat.  This is a great location, and the numbers I was shown looked good.  I'm interested in Tax strategies, time involved in operations, etc.   Any feedback out there?  
« Last Edit: March 04, 2005, 07:24:12 AM by Eureka » Report to moderator   Logged
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Real Estate Investing Forums  |  Real Estate Investing  |  Commercial, Mobile Homes, Self Storage, Notes, Land Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Know anything about landromats, financing, etc « previous next »
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