Own More Doors
Send us Fan Mail [https://www.buzzsprout.com/2341567/fan_mail/new] We took a completely run-down commercial building and turned it into a fully remodeled laundromat from the ground up. After 8 months, over $1.25M invested, and multiple delays with the city… we’re finally ready to open. But now comes the real question: Do we keep it and potentially make $10K/month… or sell it for a $1M profit? In this podcast, we break down: - Total project cost vs potential sale price - Real laundromat income projections (conservative vs aggressive) - Why “passive income” might not be so passive - The real workload behind owning a laundromat - How we’re thinking about reinvesting through a 1031 exchange This is the reality of building a business vs flipping for profit—and the decision isn’t as obvious as you might think. Watch the video: https://www.youtube.com/watch?v=exOlN8Qn6-E [https://www.youtube.com/watch?v=exOlN8Qn6-E] Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing. Website: www.SageREGroup.com Phone: 562-307-0838 Instagram: https://www.instagram.com/multifamilylongbeach/ Facebook: https://www.facebook.com/SageRegroup/ LinkedIn: https://www.linkedin.com/in/juanhuizar-sagerealestate/ YouTube: www.youtube.com/sagerealestate BRE 01417642
78 episodios
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