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Το περιεχόμενο παρέχεται από το Taylor The Investor. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Taylor The Investor ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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From Losing $2k/month to Financial Freedom thru Laundromats with Jordan Berry

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When? This feed was archived on June 02, 2024 11:05 (15d ago). Last successful fetch was on May 02, 2024 00:44 (2M ago)

Why? Ανενεργό feed status. Οι διακομιστές μας δεν ήταν σε θέση να ανακτήσουν ένα έγκυρο podcast feed για μια παρατεταμένη περίοδο.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 385159102 series 2857622
Το περιεχόμενο παρέχεται από το Taylor The Investor. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Taylor The Investor ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

Investing with Taylor at www.investwithtaylor.com

Open your self directed IRA today at www.passivewealthstrategy.com/rocket/

About The Guest: Jordan Berry is a laundromat investor who started investing in laundromats as a way to create financial freedom and independence for himself and his family. He has successfully turned around a failing laundromat and has since scaled up his investments in the laundromat space. Jordan is also the host of the Laundromat Resource podcast and offers a course on investing in laundromats.

Summary: Jordan Berry, a laundromat investor, shares his journey of investing in laundromats and how he turned around a failing deal to achieve financial independence. He emphasizes the potential for laundromats to provide passive cash flow and discusses the time commitment required to run a successful laundromat. Jordan also provides insights into finding deals, the pain points of sellers, and the tax advantages of investing in laundromats.

Key Takeaways:

  • Laundromats can provide financial freedom with just one to three well-run laundromats, depending on the size and management of the business.
  • Building relationships with laundromat brokers and small business brokers can help in finding off-market deals.
  • Common pain points for laundromat sellers include retirement, health issues, wanting to spend more time with family, or realizing the business is not as passive as expected.
  • Depreciation of laundromat equipment and tax benefits of running a business can be advantageous for investors.
  • A well-run laundromat typically requires 5 to 7 hours of commitment per week, including checking in with employees, collecting money, and scheduling repairs.

Quotes:

  • "More than 99% of America can replace their 9 to 5 income with one to three laundromats." - Jordan Berry
  • "Laundromats provide a 20% to 25% return on investment, compared to 8% to 10% in typical real estate deals." - Jordan Berry
  • "Don't go it alone. You're gonna learn a lot of hard lessons that way." - Jordan Berry
  continue reading

628 επεισόδια

Artwork
iconΜοίρασέ το
 

Αρχειοθετημένη σειρά ("Ανενεργό feed" status)

When? This feed was archived on June 02, 2024 11:05 (15d ago). Last successful fetch was on May 02, 2024 00:44 (2M ago)

Why? Ανενεργό feed status. Οι διακομιστές μας δεν ήταν σε θέση να ανακτήσουν ένα έγκυρο podcast feed για μια παρατεταμένη περίοδο.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 385159102 series 2857622
Το περιεχόμενο παρέχεται από το Taylor The Investor. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Taylor The Investor ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

Investing with Taylor at www.investwithtaylor.com

Open your self directed IRA today at www.passivewealthstrategy.com/rocket/

About The Guest: Jordan Berry is a laundromat investor who started investing in laundromats as a way to create financial freedom and independence for himself and his family. He has successfully turned around a failing laundromat and has since scaled up his investments in the laundromat space. Jordan is also the host of the Laundromat Resource podcast and offers a course on investing in laundromats.

Summary: Jordan Berry, a laundromat investor, shares his journey of investing in laundromats and how he turned around a failing deal to achieve financial independence. He emphasizes the potential for laundromats to provide passive cash flow and discusses the time commitment required to run a successful laundromat. Jordan also provides insights into finding deals, the pain points of sellers, and the tax advantages of investing in laundromats.

Key Takeaways:

  • Laundromats can provide financial freedom with just one to three well-run laundromats, depending on the size and management of the business.
  • Building relationships with laundromat brokers and small business brokers can help in finding off-market deals.
  • Common pain points for laundromat sellers include retirement, health issues, wanting to spend more time with family, or realizing the business is not as passive as expected.
  • Depreciation of laundromat equipment and tax benefits of running a business can be advantageous for investors.
  • A well-run laundromat typically requires 5 to 7 hours of commitment per week, including checking in with employees, collecting money, and scheduling repairs.

Quotes:

  • "More than 99% of America can replace their 9 to 5 income with one to three laundromats." - Jordan Berry
  • "Laundromats provide a 20% to 25% return on investment, compared to 8% to 10% in typical real estate deals." - Jordan Berry
  • "Don't go it alone. You're gonna learn a lot of hard lessons that way." - Jordan Berry
  continue reading

628 επεισόδια

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