I Mortgaged EVERYTHING I Own To Buy This

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Investment Joy

Investment Joy

Күн бұрын

Пікірлер: 356
@ChrisHendrickson82
@ChrisHendrickson82 2 ай бұрын
I'm glad that someone else from the area told the truth about that gas station. I grew up in that neighborhood and there just isn't enough traffic there to justify it, especially with cheaper gas just a couple of miles away over the border. It's difficult to navigate the entrances and the few times I stopped there it always felt like it was on the verge of being abandoned.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah , I'd of never thought about the issue of being so close to Beloit & WI
@bliss6142
@bliss6142 2 ай бұрын
I live here and that gas station has been bought and gone out of business like 10 times lmao
@710schmoke
@710schmoke 2 ай бұрын
Go be a roofer for his company! xD
@jameyjeffords5631
@jameyjeffords5631 2 ай бұрын
The wear and tear on your body isn’t worth the money you get paid to be a roofer
@treader3126
@treader3126 2 ай бұрын
@@jameyjeffords5631 You roof for 10-15-20 years, learn the trade, and then start a business and then sometime after that you hire people to do the work for you. This is how you make real money in trades
@ReiShirouOfficial
@ReiShirouOfficial 2 ай бұрын
@@jameyjeffords5631elaborate the wear and tear
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Reading the comments, you're not the only one who noticed
@econodeals
@econodeals 2 ай бұрын
Do not buy that station the plumbing is messed up plus it too close to Wisconsin. The gas tax in Wisconsin is a lot less.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
The amazing thing about putting this on KZbin is I've got a lot of great advice from local people
@pokemontrainer34
@pokemontrainer34 2 ай бұрын
damn , talk about coming in clutch.
@macflyguy5166
@macflyguy5166 2 ай бұрын
Dang this is crazy
@Techbros53
@Techbros53 2 ай бұрын
I like your leadership style. Please make sure you are really carefully analyzing business opportunity risks in order to make sure you don’t hurt your employees. They love you! I learnt something today. I loved how you let them vent while you just listened.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Aw thanks, I love our crew, We'll come in here I'm in town today recording And helping to set up the plan for next year
@christansdad
@christansdad 2 ай бұрын
You're relying way too much on Mitchell for the commercial roofing business. I strongly suggest you get key-man life insurance and disability insurance on Mitchell and Matt immediately. I also recommend you should source a general manager for your commercial roofing business. You can't run that business and run the rest of your business enterprise.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Will be more videos to come explaining things better
@chrish42000
@chrish42000 2 ай бұрын
I just learned that exists... You can get life insurance on business partners LOL!
@bobcaygeon975
@bobcaygeon975 2 ай бұрын
@@christansdad Mitchell looks like he'd rip him off at some point. Just get that vibe.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
​@@chrish42000yeah, for me I had to get a huge policy
@christansdad
@christansdad 2 ай бұрын
​@@chrish42000 It's actually worse than that. You can get life insurance on all your employees. Look up Company Owned Life Insurance (COLI) or Business Owned Life Insurance (BOLI). Larger corporations used to get insurance on everybody down to the janitor. Now courts say they have to have a meaningful role such as a company officer. However, banks get around this by naming anybody from a loan officer to a branch manager or higher a company officer. Not only can these companies tap into the cash value of the life insurance policies for low interest loans, they can sell the policies via a life settlement or viatical settlement and get a large lump sum of cash. All the companies have to do at purchase is have an "insurable interest" in the worker. As such, they keep the policy in-force indefinitely because they don't have to have an "insurable interest" when the insured dies, only at policy issuance. Finally, if the company wants to cash out on the death benefit, they just have to run a SSN check once a year on all the policies to see if the insured has passed away. No wonder why a lot of corporate whistle blowers meet an early and untimely death, right? Here's more on Company Owned Life Insurance and Life Settlements: Company Owned Life Insurance New York Times - An Employee Dies, and the Company Collects the Insurance archive.nytimes.com/dealbook.nytimes.com/2014/06/22/an-employee-dies-and-the-company-collects-the-insurance/ Life Settlements New York Times - Wringing Cash from Life Insurance www.nytimes.com/2017/10/13/health/life-insurance-policy-settlements.html
@TheRm65
@TheRm65 2 ай бұрын
You've assumed a lot of personal risk here and apparently are looking for more. I wish you the best, but I think you've got a bunch of sleepless nights ahead of you. LOL
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
It's not for the faint of heart!
@HIGHSOCIETYJAY
@HIGHSOCIETYJAY Ай бұрын
No it's not !​@@InvestmentJoy
@NBSG4u
@NBSG4u 2 ай бұрын
Love the consistent weekly videos, bro
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Appreciate that, it's a lot of work!
@reggiejenkins6458
@reggiejenkins6458 2 ай бұрын
The roofing business scares me for you. I’ve been a general contractor for over 20 years, this is a different beast from your other business. When things go good, they print money, when they go bad, it’s fast and hard. All labor based, tons of management and liability, lots of moving parts, competition, and in today’s world, finding/keeping good workers is incredibly difficult. Good luck with it my friend.
@ajtoofer
@ajtoofer 2 ай бұрын
People want stable income, thats why its hard to keep good workers
@reggiejenkins6458
@reggiejenkins6458 2 ай бұрын
@@ajtoofer every decent business has stable income, construction/home service businesses are no different, except that it’s even less of a problem in that industry because it’s almost always booming. There are not enough workers, and the workers know that. And the labor pool is very, very subpar in general. It’s been a massive problem for the last 30 or so years and it is only getting worse.
@danielhildebrand6553
@danielhildebrand6553 2 ай бұрын
That’s why he went with a union crew
@d.fenestrator9529
@d.fenestrator9529 2 ай бұрын
@@reggiejenkins6458 A lot of roofers seem to hire illegals, so that's likely a big part of the labor problem.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah pretty much this is one of the reasons I went with a union firm they have a much better labor Supply than most other people. And then I can use these videos to get people hooked in as a process with the union and give them an alternative to a college education. I absolutely hate the fact that I grew up in a world that I did not know that this was even a potential. I was told that only idiots do not attend college so for a while I just assumed I was an idiot. Meanwhile I meet people who got into the skilled trades Blow Away many of my friends with a college degree
@building1014
@building1014 2 ай бұрын
If you buy a gas station get the under ground storage check. Repairs could possibly be under $50,000 but if have to replace product lines or tanks you could easily be looking at .5 to 1 Million. Also if you register and not up to date or pumps that could add even more like $25,00 ruffly per dispenser, register system could be $15,000 ruffly
@MartinD9999
@MartinD9999 5 күн бұрын
Any owner that shows you the backstage deal of a business and invites workers to be involved is a rare find. I wish your endeavors a whole lot of luck and success!
@InvestmentJoy
@InvestmentJoy 14 сағат бұрын
Thanks so much for the comment, I appreciate the support.
@carloshour8263
@carloshour8263 2 ай бұрын
Ladder safety is paramount. Trusting a bungie cord and friction is a bold straight. Good luck with that 😆
@flakzero4870
@flakzero4870 2 ай бұрын
I'm always interested in what compels people to be landlords or business owners of people's previous business model. Not to draw a line between the two. Like, I enjoy how he goes to them and not calls them into his office. Watching management function is a new niche for me.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah I've hung around some really Stellar people over the past four or five years and I really appreciate your leadership models I'm just hoping that I can do a good job here.
@travismartinson1813
@travismartinson1813 27 күн бұрын
The banks take on a lot of risk, but they get rid of it asap. When I bought my home 2 weeks later, I got a letter that my loan had been sold, so the bank got all the loan fees and then cut their risk. You should work on cutting risk as fast as possible and get your personal home out of the deal. Don't just think about how much you can make and leverage everything. Think about how much you could lose in a recession and how to protect yourself. You have to balance protecting what you have and accumulating more. If you only focus on one, you'll be sorry.
@thecarwashesandmorechannel2892
@thecarwashesandmorechannel2892 2 ай бұрын
Thanks for checking out the wash for me! Such a shame it went to the dumps. Great content nonetheless, and it was very nice to attend your meet up!
@debireed6128
@debireed6128 2 ай бұрын
If you’re selling diesel at the pump, check out the new DEF dispenser pumps. And. Add a charging station. Make sure the charger is listed on all the websites associated with every brand of EV,,, People charging their car, buy goodies from your convenience store.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
@@debireed6128 agreed, I've been really surprised to see stations not install many Def pumps
@christansdad
@christansdad 2 ай бұрын
@@InvestmentJoy DEF pumps are big business and if you have DEF at the pump, a lot of trucks will bypass stores where they have to buy DEF in a container because it is a lot more convenient and cost effective to get DEF via a pump.
@joshuahill5271
@joshuahill5271 2 ай бұрын
Perhaps you should expand into snow removal/snow services over the winter or something wintery for the crew like contracted HOA snow removal for blocks. Relatively inexpensive and always a need by customers, maybe tell clients currently your service etc.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah we have done snow removal in the past during the winter common that would be a great video
@jontrapp8133
@jontrapp8133 2 ай бұрын
Dude I love your channel. Been watching a long time, but I feel like you’re going to lose your shirt on the roofing company. Commercial roofing. I’m in roofing. Unless you plan on being there every single day, that company is going to run YOU. Those guys are going to want to retire some day in the next 10 years. And it’s getting harder and harder to find guys that want to do roofing, competent, and you can trust. Your whole thing with business is to chase efficiency, and passive. You bought yourself a job. This is not something you can train someone to manage. If they wanted that stress, they would just have their own business.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
How many members in your crew did you have, foremen and project managers total?
@elrobo3568
@elrobo3568 2 ай бұрын
I specialized in gas stations and the biggest mistake made by buyers is not doing due diligence on the UST's (underground storage tanks) if these are not tested and certified BEFORE you buy this property you can possibly have leaky tanks which an cost hundreds of thousands plus ,plus,plus to fix and remediate. There looks like multiple tanks there. There are many other considerations, if it's necessary for a truck (commercial) to make a left turn to enter the station that is a problem for them. Use an expert to check everything and do not make a emotional purchase.
@InvestmentJoy
@InvestmentJoy Ай бұрын
I think gas stations are like alot of businesses, atleast not-cheap businesses where a lack of DD on the front in absolutely slaughters you down the road due to missed things. We're certainly not being slaughtered at the roofing company, but we sure have had some major bumps in the road due to not-knowing.
@righttobeararmsetc.8492
@righttobeararmsetc.8492 8 күн бұрын
If you have to fix the gas tanks add an extra 250 k
@righttobeararmsetc.8492
@righttobeararmsetc.8492 8 күн бұрын
If you want to see how a car wash nowadays makes great money check the new one out in Hillsboro Ohio its a monthly payment wash system
@righttobeararmsetc.8492
@righttobeararmsetc.8492 8 күн бұрын
It put all the others out of business around there
@GHCMargarita
@GHCMargarita 2 ай бұрын
Big fan of this new series
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Awesome, thanks for the kind words
@Scottko
@Scottko 2 ай бұрын
@@InvestmentJoysame here. I haven’t watched any of your vids in a long time but this series has got me hooked.
@GED.Father
@GED.Father 2 ай бұрын
Hey brother! My name is Brennen and I own a roofing company out here in Glendale, Az. I Stumbled across this video and I wish you nothing but the best
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Hey, awesome! Same to you!
@1yearoldiam
@1yearoldiam 2 ай бұрын
Dont just go full investor mode because soemthing looks good on paper. Take a year or 2 and go alll in on roofing before you even thing about anything else.
@InvestmentJoy
@InvestmentJoy Ай бұрын
As the series progresses you'll see how I handle it. I either do it over a few videos, or have one giant multi-hour video, that I generally don't think people would watch.
@positively_broad_st3780
@positively_broad_st3780 2 ай бұрын
Your best roofing employees are retirement age. I hope you've got a couple of apprentices in the pipeline already...
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah, quite a few, plus as we grow the union has more guys to send us
@josegarciajr96
@josegarciajr96 2 ай бұрын
Don’t put that retired man back to work. Respect the fact that we all get old and tired. Let him work the forklift operation more efficiently.
@Manvaril
@Manvaril 2 ай бұрын
I have been to this gas station, the main road and side road access is bad, not to mention the place wasn't that busy when it was in business.
@kurtismckemmie4850
@kurtismckemmie4850 2 ай бұрын
Looks like it'll be a subscriber's gas station. "If you find your way here, you have a job opportunity."
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
That's kind of where I'm trying to go with things I Pony up the money and buy the business and then find someone who wants to own the business in the future and they come work for a set number of years, then get the biz.
@fortbliss2
@fortbliss2 2 ай бұрын
@@InvestmentJoy i live down the street from there as well. have always been intrested in looking at that gas station. always wondered how in the world it didnt make it.
@TooSmooth
@TooSmooth 2 ай бұрын
I'm a big fan now! Definitely inspired me.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Awesome! Appreciate the kind words
@moosesnWoop
@moosesnWoop 9 күн бұрын
What a legend. You need a top hat and a monocle and a nice black cane.
@jjz814
@jjz814 2 ай бұрын
Did you say Illinois? Now I know why you had to mortgage your house. Company I work for pulled out of there and California, labor laws, taxes, and the brutal mismanagement of government bureaucracy are difficult hurdles.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
How many employees /revenue did the biz have?
@GregLewisdually
@GregLewisdually Ай бұрын
Replacing roofs, building relationships to have future financing options, great concept. 🎉❤
@InvestmentJoy
@InvestmentJoy Ай бұрын
It's definitely a risk, but it's the way to get the deals done!.
@Kingstoncroes
@Kingstoncroes 2 ай бұрын
First time watcher. Not in the roofing industry, but love the video!
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Awesome thanks so much
@JoyceSin-w5k
@JoyceSin-w5k 12 күн бұрын
Looks good bro😂😂😂.
@ricoconti3141
@ricoconti3141 28 күн бұрын
The Roofing business is a gold rush right now. My buddy started 1 in Texas 4 years ago he is now grossing over 50 million a year.
@_ian69
@_ian69 Ай бұрын
When you started the video on the Taco Bell, I for a split second thought you opened a TB gas station
@InvestmentJoy
@InvestmentJoy Ай бұрын
That's still the goal
@KyKash101
@KyKash101 2 ай бұрын
Sounds like you need a sales dept. in the roofing business that can build a relationship with other businesses if you need to subcontract the other work but they can also continue to source new work for you guys
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
absolutely!
@zuesbenz
@zuesbenz Ай бұрын
good content. people can learn a lot from you.
@InvestmentJoy
@InvestmentJoy Ай бұрын
Glad you liked it!
@dull3y430
@dull3y430 2 ай бұрын
Would love to see more gas station content
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
I certainly want one but if you look at the comments this one has a really terrible history
@dull3y430
@dull3y430 2 ай бұрын
@@InvestmentJoy Idk if you’re interested but there’s some for sale in Iowa running businesses
@WanderingCactus
@WanderingCactus Ай бұрын
A Mickey D's in a location like that closing is no surprise, interesting part is that there's a good chance it wasn't owned by the station, but rather a leased space, which gives you lots of options without needing to spend your money.
@InvestmentJoy
@InvestmentJoy Ай бұрын
Yeah , not sure as to the lease situation.
@freebird7284
@freebird7284 17 күн бұрын
you're scaring me into keeping a 40 hr job!
@FireHawk92.
@FireHawk92. 2 ай бұрын
A series where you partner up with people to do car washes and laundromats would be neat.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Agreed, thus why I mentioned it here, would be nice to help some locals out
@vinnydee3431
@vinnydee3431 Ай бұрын
Love your energy! looking to get into similar investments as you !
@InvestmentJoy
@InvestmentJoy Ай бұрын
Awesome to hear! Appreciate the comment!
@jackt6595
@jackt6595 2 ай бұрын
This is a great new series. I was the guy who commented before I unsubbed but now resub for this new thing. If you have time to spend looking at car washes and gas stations, you are not focusing enough time on your roofing business. It looks like you are being pulled along instead of directing things. You should be learning and trying to land deals yourself, not relying on your guy. Because what happens if he gets sick or quits or dies? Your business is sunk.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Something to consider in the background (Which we'll get to eventually) is the team of labor, management, operational controls I have here at the company. I'm hardly the guy running the show (Well, the roofing business, I'm the guy putting on the show).
@dearestdennis
@dearestdennis Ай бұрын
1:08 Definitely looks like a legend to me. He’s wearing the sunglasses already from the fax meme
@tobiase92
@tobiase92 2 ай бұрын
I hope you checked the gas station tanks underground
@michaelowen8988
@michaelowen8988 2 ай бұрын
All the best 👍
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Thanks!
@AsoftDolphinn
@AsoftDolphinn 8 күн бұрын
north west illinois? where you at buddy? greetings from oswego/peru
@WarrenSkipper-ho5xl
@WarrenSkipper-ho5xl 2 ай бұрын
I appreciate your video. Typically the only businesses for sale are the distressed ones so kudos to you for taking that on...and yes, it is all about the team. I'd find someone to run the roofing business for you so you can continue moving real estate.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
It is a team effort but I'm just not built to pass the reins over to someone
@bobcaygeon975
@bobcaygeon975 2 ай бұрын
The most successful roofing guys never seem to advertise. They have loyal crews that make good money, aside from a few drug/alcohol problems.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
How did you quantify that?
@patrickr2686
@patrickr2686 2 ай бұрын
If laundromats are such a great business to be in, then why are there so many up for sale
@pokemontrainer34
@pokemontrainer34 2 ай бұрын
there could be a lot of reasons. Owners are getting old and want to cash out. Someone took over and ran it into the ground, common with owners that pass it on to their children and they just let it go to shit. Some find a good deal on something and want to cash out to move on to other ventures. Hell it could even be debt from a gambling habit or nose powder. Or it could just be the place is shit and no one wants to go there.
@GROGU123
@GROGU123 2 ай бұрын
Most apartments buildings have laundry in-unit now. All new ones that I’ve seen built. It’s a dying business.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
How many are up for sale? There's 431 laundromats on BizBuySell (Largest business marketplace). There's 21,500+ total laundromats in the US. Meaning a grand total of 2% of laundromats are available for purchase. 2% doesn't seem like alot to me, does it to you?
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Laundromats as a whole are growing 11%/yr nationwide when you look at all revenue streams. So...
@thewiseguy3529
@thewiseguy3529 2 ай бұрын
Car Wash is way better to business to be in.
@douglasthompson9482
@douglasthompson9482 7 күн бұрын
Good enthusiasm…
@56TheAnimal
@56TheAnimal 2 ай бұрын
Franchise city says gas stations are some of the most difficult businesses to operate. Something like 60% of gas stations are owner operated.
@xtoefield
@xtoefield 2 ай бұрын
This is awesome! love to see the progression!
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Thanks!
@PRR-z4q
@PRR-z4q 2 ай бұрын
Snow removal , dumpster and porta john rentals ?
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yes, yes, yes
@bhilbert11
@bhilbert11 2 ай бұрын
Amazing video!
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Glad you liked
@joshuagolembiewski5383
@joshuagolembiewski5383 2 ай бұрын
I feel like you’re a young Ben Mallah
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
@@joshuagolembiewski5383 when do I start the three pack a day habit
@john-alotofnumbers
@john-alotofnumbers Ай бұрын
Is that the gas station next to storage facility used in the movie primer? I totally think it is
@photosbychristensen
@photosbychristensen Ай бұрын
that gas station is a bad location for traffic .Beloit collage is getting a library remodel .Beloit Taco bell
@jonathanrighetti5897
@jonathanrighetti5897 Ай бұрын
I used to build and service gas stations. wish yah all the best
@InvestmentJoy
@InvestmentJoy Ай бұрын
Thx
@jonathanrighetti5897
@jonathanrighetti5897 Ай бұрын
@@InvestmentJoy you should look into joining something similar to what NJ has called PECA petroleum equipment contractors association or LSARPS
@robertross804
@robertross804 2 ай бұрын
watch out 4 hot tar its a killer in your new business good luck as always be careful
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah - Hot tar bothers THE HECK out of me
@2199031
@2199031 2 ай бұрын
That looks like our canopy at your gas station. We have records of everything, hit me up if you need service work or parts for it.
@timmer1mon903
@timmer1mon903 14 күн бұрын
also awesome Gravely
@jetah50
@jetah50 2 ай бұрын
you have skilled labor. for the winter, try professional outdoor light decoration. there are pro lights that are much better than the ones you get at the local stores which could be something you get upfront or get over time. outside of light decorations, just outside holiday decoration in general could work. get some plywood, paint, foam and get creative on what would work. if someone can paint windows that could be added to the outdoor decoration. with the roofs, if you're doing residential, then have someone knock on the neighbors and/or put out fliers before the work is started and while it's going. I'm sure you know it's better to have a few roofs in an area than just one. and this might just work for commercial too. that taco bell owner. ask them if they know any other franchise owners that would need a new roof. look into getting solar roof installation certified (by solar companies) so that could be an option.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
It's a great idea. I've been wanting to expand into the holiday decor and lighting space.
@doingtime20
@doingtime20 2 күн бұрын
The constant adhd jump cuts video editing seems completely inecessary to me. The content is interesting enough to keep attention.
@InvestmentJoy
@InvestmentJoy 2 күн бұрын
We will have some longer slower paced versions in the future, So be on the lookout
@CruiserMac
@CruiserMac 25 күн бұрын
Roofer by day, reefer by night ! 😂😂
@raymond_sycamore
@raymond_sycamore Ай бұрын
"gotta hustle" the universal reviled phrase uttered by EVERY indebted business owner.... god
@InvestmentJoy
@InvestmentJoy Ай бұрын
Good thing I never used the word hustle here :D
@raymond_sycamore
@raymond_sycamore Ай бұрын
@@InvestmentJoy you did when you were talking to one of your employees
@InvestmentJoy
@InvestmentJoy Ай бұрын
@@raymond_sycamore Hmm , I checked the transcript and didn't see where I had said it, guess the translation/transcription messed up.
@cashofferorterms
@cashofferorterms Ай бұрын
The fax machine 😂
@borecchio424
@borecchio424 2 ай бұрын
This is gonna be a reality show
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Kind of feels like one
@JeffKubel
@JeffKubel 2 ай бұрын
I feel like buying a gas station in 2024 is like buying a farrier business in 1908.
@travismartinson1813
@travismartinson1813 27 күн бұрын
Just switch some of the pumps out for ev chargers. The money is in the merchandise in the store, not the fuel.
@Zero_Has_Returned
@Zero_Has_Returned Ай бұрын
@Investment Joy do you have your part 107 drone license?
@King-rw7ld
@King-rw7ld 2 ай бұрын
Good luck bro hope it works but that was a giant risk
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Thanks for the well wishes!
@theyseemeloling
@theyseemeloling 2 ай бұрын
Not the MrBeast opening drone shot lol
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Wasn't my choice, but it worked well
@silvernoob1603
@silvernoob1603 2 ай бұрын
this dude getting wider with every video
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Just wait!
@antoniogibson7510
@antoniogibson7510 13 күн бұрын
I live in Peshtigo, WI. If you'd like some workers or some way I can help out, just let me know. I would be living to move to Beloit to be a manager of some type for you.
@Alien-Earth1
@Alien-Earth1 2 ай бұрын
roofin is hard
@ramboxlegacy14
@ramboxlegacy14 2 ай бұрын
As someone who as worked for c-store contractors, multiple oil companies, and own my own c-store service company… do not buy a shut down store with no experience. The c-store business will chew up and spit out even the strongest of people. If you want some industry insight, reply and I would be happy to help.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Thanks so far I've had some really great people reach out to me about oil and gas as well as running convenience stores
@geniferteal4178
@geniferteal4178 2 ай бұрын
One time my boss bought and resold a product for a bid. the only other person bidding was the manufacturer we bought from. we won the bid because the manufacturer charged their regular price and we gave a discount. You never know why you won that roofing, contract, you bid fifty percent less on.😊
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah that is absolutely something that happens and something that I'm trying to understand more with our firm. We are calling back jobs we lost to understand why the same as the ones we win. We really want to understand our place in the market
@geniferteal4178
@geniferteal4178 2 ай бұрын
@InvestmentJoy that particular time it was just a straight up resale. It was a particularly custom item that only one manufacturer made, which is kind of Y. No one else bit on it. the manufacturer thought no one else could bid on it which is kinda why they went for more profit. We didn't make it obvious why we were buying it, and no one there made the connection for the auction.
@Peterpickle2009
@Peterpickle2009 2 ай бұрын
Bid lower get more job drive out the competition
@moosesnWoop
@moosesnWoop 9 күн бұрын
I'm glad bro shaved his head. The stress levels are going to go through the roof.
@omgtan
@omgtan 2 ай бұрын
add a food place in the gas station
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah, the margins on food are amazing
@omgtan
@omgtan 2 ай бұрын
@InvestmentJoy Tennessee hit chicken is very popular here in Michigan. I wanna say chicken is fairly cheap protein too. Or even pizza but I feel like chicken place would be better.
@austin62halo
@austin62halo 11 күн бұрын
Any suggestions for starting up a business? Currently Sitting on a War chest of about 5000
@debireed6128
@debireed6128 2 ай бұрын
Need a drone with a laser tape measure so you can survey and measure roofs from the ground.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah I'm looking for one that can scan roofs so that we have an easier time doing the estimation with proper measurements. It's a lot of Labor to get on the roof and measure every single roof penetration that's there
@geniferteal4178
@geniferteal4178 2 ай бұрын
That title sounds like a monopoly game move.😊
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Pretty much
@Justinlearns
@Justinlearns 2 ай бұрын
Top tier headline. Ever lol
@InvestmentJoy
@InvestmentJoy Ай бұрын
:)
@Mr.Laundromat
@Mr.Laundromat 2 ай бұрын
I remember in 2014 I was looking at buying a gas station, I bought a great course how to buy a good gas station at a great price. By the demio group
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Oh Awesome, I'll take a look at it
@cejafamily9651
@cejafamily9651 2 ай бұрын
You should start a book and some merch
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
I've had a few talk about merch, would love some hi-viz workwear, just need to find a company that'd make stuff that lasts, it isn't easy.
@econ0003
@econ0003 2 ай бұрын
Seems like you are highly leveraged with all of these businesses. Will you be able to survive if we hit a significant recession?
@InvestmentJoy
@InvestmentJoy Ай бұрын
I talked about it in episode #1 and #2 a good bit with regards to more affordable roofing options. I'm quite unsure how many companies will accept letting their entire location fill with water/mold.
@crippledgenius
@crippledgenius 2 ай бұрын
Awesome video
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Glad you liked it!
@n085fs
@n085fs Ай бұрын
*adjusts a piece of paper* "Gotta get the fax straight."
@InvestmentJoy
@InvestmentJoy Ай бұрын
I should do that next time
@mecheckraise
@mecheckraise 2 ай бұрын
You don't really seem to know exactly what you are doing in ALL these endeavors. It is hit or miss being being successful shooting from the hip so much. I hope you well but I could see one of these gambles turning into a real disaster. You are assuming that others have you best interest. It is often NOT the case. As the boss you should be an expert in the field ideally.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Have you followed codie Sanchez' model before? If so what are your thoughts
@unguardablefr9483
@unguardablefr9483 2 ай бұрын
Great video!
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Appreciate you!
@ajtoofer
@ajtoofer 2 ай бұрын
Are those taco bell menus current? you showed a nacho cheese Doritos locos taco for $0.90, in Michigan its 2.99.. and why i never goto taco bell. if it was $0.90 i would get 10 of them
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah that was the live screen from when we were there in Beloit
@5710fpilot
@5710fpilot 28 күн бұрын
I bet you don't want to spend a day at probation! 😂😂😂
@thedogman4437
@thedogman4437 Ай бұрын
I have a roofing company for 39 years. It for sale. 1.5 million a year
@InvestmentJoy
@InvestmentJoy Ай бұрын
Send me info when you have time - Brandon at InvestmentJoy dot Com OR send me a DM on IG/X , will need financials and your sales track record.
@CARWASHCHANNEL.
@CARWASHCHANNEL. Ай бұрын
Buy the gas station with the carwash
@andreb.8266
@andreb.8266 2 ай бұрын
If you where in Canada purchasing an old gas station is a big big BIG no no, you have to remove the old tank, check for the pollution level put more money than you can to put it at acceptable level, have autorisation to put new tank and oh my god, not a purchase to make. On the other side, the EV charging station WITH accomodation is the way to go IF you can have the gov to put sign on the highway to advertise it.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
It's similar in the US, however you can buy insurance against it, and its to the point where they cover a ton of issues.
@Dylan_Lanckman
@Dylan_Lanckman 2 ай бұрын
the warehouse of the roofing business looks terribly messy. A messy warehouse = inefficient storage = inefficient prep for jobs. My two cents are: clean up and re-organize the warehouse, invest in rack infrastucture and hire a logistics guy. It may save the business a lot of valuable time.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Totally agree, we talked a bit about it in episode one
@jodyblack7951
@jodyblack7951 2 ай бұрын
I grew up around that machesney park illinois car wash
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
@@jodyblack7951 awesome
@thecadetsfamily
@thecadetsfamily Ай бұрын
How can I get a hold of you man?
@InvestmentJoy
@InvestmentJoy Ай бұрын
Either my website (Investmentjoy.com) or sending me a DM on X/IG
@Peterpickle2009
@Peterpickle2009 2 ай бұрын
We should open a Taco Bell together
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
That's crazy tempting
@kurtismckemmie4850
@kurtismckemmie4850 2 ай бұрын
I put all my properties on mortgage INCLUDING MY OWN HOUSE! My divorce is pending.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
@@kurtismckemmie4850 for better or worse I'm making decisions here that most business owners have to make. Most self-made wealthy business people don't get an inheritance they take on big risk and major choices
@Someone-by6jm
@Someone-by6jm 5 күн бұрын
DONT GO NEAR THAT DUMP OF A STATION ITS WORTHLESS
@smath5841
@smath5841 Ай бұрын
What’s the address of that gas station
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