From Losing $2k/month to Financial Freedom thru Laundromats with Jordan Berry

Passive Wealth Strategy Show - Real Estate for Busy Pros

Taylor The Investor에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Taylor The Investor 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

8M ago 34:03

MP3•에피소드 홈

저장한 시리즈 ("피드 비활성화" status)

When? This feed was archived on June 02, 2024 11:05 (2M ago). Last successful fetch was on May 02, 2024 00:44 (3M ago)

Why? 피드 비활성화 status. 잠시 서버에 문제가 발생해 팟캐스트를 불러오지 못합니다.

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.

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

628 에피소드

#Trading #Entrepreneur #Business #Podcasting Education #Self-Improvement #Passive Wealth Strategy