I Mortgaged EVERYTHING I Own To Buy This

[@bliss6142]

I live here and that gas station has been bought and gone out of business like 10 times lmao

[@710schmoke]

Go be a roofer for his company! xD

[@jameyjeffords5631]

The wear and tear on your body isn’t worth the money you get paid to be a roofer

[@treader3126]

@@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]

@@jameyjeffords5631elaborate the wear and tear

[@InvestmentJoy]

Reading the comments, you're not the only one who noticed

[@ChrisHendrickson82]

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]

Yeah , I'd of never thought about the issue of being so close to Beloit & WI

[@econodeals]

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]

The amazing thing about putting this on KZbin is I've got a lot of great advice from local people

[@pokemontrainer34]

damn , talk about coming in clutch.

[@macflyguy5166]

Dang this is crazy

[@christansdad]

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]

Will be more videos to come explaining things better

[@chrish42000]

I just learned that exists... You can get life insurance on business partners LOL!

[@bobcaygeon975]

@@christansdad Mitchell looks like he'd rip him off at some point. Just get that vibe.

[@InvestmentJoy]

​@@chrish42000yeah, for me I had to get a huge policy

[@christansdad]

​@@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

[@Techbros53]

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]

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

[@TheRm65]

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]

It's not for the faint of heart!

[@HIGHSOCIETYJAY]

No it's not !​@@InvestmentJoy

[@reggiejenkins6458]

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]

People want stable income, thats why its hard to keep good workers

[@reggiejenkins6458]

@@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]

That’s why he went with a union crew

[@d.fenestrator9529]

@@reggiejenkins6458 A lot of roofers seem to hire illegals, so that's likely a big part of the labor problem.

[@InvestmentJoy]

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

[@NBSG4u]

Love the consistent weekly videos, bro

[@InvestmentJoy]

Appreciate that, it's a lot of work!

[@building1014]

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

[@carloshour8263]

Ladder safety is paramount. Trusting a bungie cord and friction is a bold straight. Good luck with that 😆

[@joshuahill5271]

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]

Yeah we have done snow removal in the past during the winter common that would be a great video

[@GED.Father]

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]

Hey, awesome! Same to you!

[@thecarwashesandmorechannel2892]

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!

[@flakzero4870]

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]

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.

[@elrobo3568]

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]

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.

[@1yearoldiam]

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]

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.

[@_ian69]

When you started the video on the Taco Bell, I for a split second thought you opened a TB gas station

[@InvestmentJoy]

That's still the goal

[@debireed6128]

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]

@@debireed6128 agreed, I've been really surprised to see stations not install many Def pumps

[@christansdad]

@@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.

[@GregLewisdually]

Replacing roofs, building relationships to have future financing options, great concept. 🎉❤

[@InvestmentJoy]

It's definitely a risk, but it's the way to get the deals done!.

[@jjz814]

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]

How many employees /revenue did the biz have?

[@Kingstoncroes]

First time watcher. Not in the roofing industry, but love the video!

[@InvestmentJoy]

Awesome thanks so much

[@GHCMargarita]

Big fan of this new series

[@InvestmentJoy]

Awesome, thanks for the kind words

[@Scottko]

@@InvestmentJoysame here. I haven’t watched any of your vids in a long time but this series has got me hooked.

[@KyKash101]

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]

absolutely!

[@Manvaril]

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]

Looks like it'll be a subscriber's gas station. "If you find your way here, you have a job opportunity."

[@InvestmentJoy]

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]

@@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.

[@jontrapp8133]

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]

How many members in your crew did you have, foremen and project managers total?

[@WanderingCactus]

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]

Yeah , not sure as to the lease situation.

[@dearestdennis]

1:08 Definitely looks like a legend to me. He’s wearing the sunglasses already from the fax meme

[@FireHawk92.]

A series where you partner up with people to do car washes and laundromats would be neat.

[@InvestmentJoy]

Agreed, thus why I mentioned it here, would be nice to help some locals out

[@WarrenSkipper-ho5xl]

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]

It is a team effort but I'm just not built to pass the reins over to someone

[@raymond_sycamore]

"gotta hustle" the universal reviled phrase uttered by EVERY indebted business owner.... god

[@InvestmentJoy]

Good thing I never used the word hustle here :D

[@raymond_sycamore]

@@InvestmentJoy you did when you were talking to one of your employees

[@InvestmentJoy]

@@raymond_sycamore Hmm , I checked the transcript and didn't see where I had said it, guess the translation/transcription messed up.

[@dull3y430]

Would love to see more gas station content

[@InvestmentJoy]

I certainly want one but if you look at the comments this one has a really terrible history

[@dull3y430]

@@InvestmentJoy Idk if you’re interested but there’s some for sale in Iowa running businesses

[@patrickr2686]

If laundromats are such a great business to be in, then why are there so many up for sale

[@pokemontrainer34]

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]

Most apartments buildings have laundry in-unit now. All new ones that I’ve seen built. It’s a dying business.

[@InvestmentJoy]

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]

Laundromats as a whole are growing 11%/yr nationwide when you look at all revenue streams. So...

[@thewiseguy3529]

Car Wash is way better to business to be in.

[@jackt6595]

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]

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).

[@bobcaygeon975]

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]

How did you quantify that?

[@2199031]

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.

[@zuesbenz]

good content. people can learn a lot from you.

[@InvestmentJoy]

Glad you liked it!

[@56TheAnimal]

Franchise city says gas stations are some of the most difficult businesses to operate. Something like 60% of gas stations are owner operated.

[@tobiase92]

I hope you checked the gas station tanks underground

[@robertross804]

watch out 4 hot tar its a killer in your new business good luck as always be careful

[@InvestmentJoy]

Yeah - Hot tar bothers THE HECK out of me

[@positively_broad_st3780]

Your best roofing employees are retirement age. I hope you've got a couple of apprentices in the pipeline already...

[@InvestmentJoy]

Yeah, quite a few, plus as we grow the union has more guys to send us

[@josegarciajr96]

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.

[@jetah50]

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]

It's a great idea. I've been wanting to expand into the holiday decor and lighting space.

[@joshuagolembiewski5383]

I feel like you’re a young Ben Mallah

[@InvestmentJoy]

@@joshuagolembiewski5383 when do I start the three pack a day habit

[@john-alotofnumbers]

Is that the gas station next to storage facility used in the movie primer? I totally think it is

[@TooSmooth]

I'm a big fan now! Definitely inspired me.

[@InvestmentJoy]

Awesome! Appreciate the kind words

[@vinnydee3431]

Love your energy! looking to get into similar investments as you !

[@InvestmentJoy]

Awesome to hear! Appreciate the comment!

[@JeffKubel]

I feel like buying a gas station in 2024 is like buying a farrier business in 1908.

[@geniferteal4178]

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]

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]

@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]

Bid lower get more job drive out the competition

[@michaelowen8988]

All the best 👍

[@InvestmentJoy]

Thanks!

[@King-rw7ld]

Good luck bro hope it works but that was a giant risk

[@InvestmentJoy]

Thanks for the well wishes!

[@silvernoob1603]

this dude getting wider with every video

[@InvestmentJoy]

Just wait!

[@xtoefield]

This is awesome! love to see the progression!

[@InvestmentJoy]

Thanks!

[@jonathanrighetti5897]

I used to build and service gas stations. wish yah all the best

[@InvestmentJoy]

Thx

[@jonathanrighetti5897]

@@InvestmentJoy you should look into joining something similar to what NJ has called PECA petroleum equipment contractors association or LSARPS

[@The-Wash-Laundromat]

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]

Oh Awesome, I'll take a look at it

[@photosbychristensen]

that gas station is a bad location for traffic .Beloit collage is getting a library remodel .Beloit Taco bell

[@ramboxlegacy14]

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]

Thanks so far I've had some really great people reach out to me about oil and gas as well as running convenience stores

[@bhilbert11]

Amazing video!

[@InvestmentJoy]

Glad you liked

[@theyseemeloling]

Not the MrBeast opening drone shot lol

[@InvestmentJoy]

Wasn't my choice, but it worked well

[@borecchio424]

This is gonna be a reality show

[@InvestmentJoy]

Kind of feels like one

[@debireed6128]

Need a drone with a laser tape measure so you can survey and measure roofs from the ground.

[@InvestmentJoy]

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

[@PRR-z4q]

Snow removal , dumpster and porta john rentals ?

[@InvestmentJoy]

Yes, yes, yes

[@mecheckraise]

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]

Have you followed codie Sanchez' model before? If so what are your thoughts

[@n085fs]

*adjusts a piece of paper* "Gotta get the fax straight."

[@InvestmentJoy]

I should do that next time

[@andreb.8266]

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]

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.

[@geniferteal4178]

That title sounds like a monopoly game move.😊

[@InvestmentJoy]

Pretty much

[@Dylan_Lanckman]

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]

Totally agree, we talked a bit about it in episode one

[@cashofferorterms]

The fax machine 😂

[@econ0003]

Seems like you are highly leveraged with all of these businesses. Will you be able to survive if we hit a significant recession?

[@InvestmentJoy]

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.

[@Alien-Earth1]

roofin is hard

[@CARWASHCHANNEL.]

Buy the gas station with the carwash

[@omgtan]

add a food place in the gas station

[@InvestmentJoy]

Yeah, the margins on food are amazing

[@omgtan]

@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.

[@METALMAN4Wii]

Well he gives his employees more of a Christmas bonus my my franchise owner who owns 51 Jimmy John's and 50 other properties and is worth at least 100 million dollars.

[@InvestmentJoy]

The $25 gift card is a joke, a friend of mine spent mid-5 figures on their employee party. I'd like to be better than him within 2 years.

[@METALMAN4Wii]

@@InvestmentJoy Hey it's more than what us Wagies get, we don't even get time and a half for holidays or breaks or lunches. I'm lucky to get 5 minutes to eat a sandwich I actually applied to my local Walmart for 3 jobs online two stocking grocery and general the other is deli.

[@Justinlearns]

Top tier headline. Ever lol

[@InvestmentJoy]

:)

[@Peterpickle2009]

We should open a Taco Bell together

[@InvestmentJoy]

That's crazy tempting

[@thedogman4437]

I have a roofing company for 39 years. It for sale. 1.5 million a year

[@InvestmentJoy]

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.

[@cejafamily9651]

You should start a book and some merch

[@InvestmentJoy]

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.

[@charlesyates6687]

Wana keep your roofers happy pay them fair keep them shocked in ice and gator aid and when the supervisor shows up on the job sight bring them lunch . If you own a rioting company owning a ice machine is a good investment .

[@KayFabe87]

What is a “rioting” company? I immediately thought of blm and the fact that the leadership siphoned off all of the donations to buy themselves mansions.

[@InvestmentJoy]

All good ideas, we're doing well profit-wise so I want to make sure that the crew gets rewarded with the success of the company as we continue to grow.

[@kurtismckemmie4850]

I put all my properties on mortgage INCLUDING MY OWN HOUSE! My divorce is pending.

[@InvestmentJoy]

@@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

[@hammertime7834]

The Disturbing Illusion youtube channel

[@UnitedStates.]

It’s crazy how other people watch these channels from these people are are like yup…I am going to sell everything and start a laundromat, or car wash, or vending machine…or a roofing business. 😅 It’s sad, tbh. Good for this guy, but like I said since the beginning: this guy makes his life from KZbin.

[@InvestmentJoy]

KZbin has been a looser money wise since 2022 for me.

[@themillerdigest3973]

Welcome to my market where I have residential rentals in Rockford and Rockton. I've been watching your youtube videos with interest for some time. I will reach out to you at Anderson Roofing and I can give you a tour of the market and we can do lunch at Taco Bell.

[@InvestmentJoy]

You know if it's Taco Bell lunch I'm going to be there

[@arodyanksfan]

I put out for a lot of bids and proposals in my line of work and the anger companies have when they don't "win" is sickening. The best way to get a good reputation is to bid fair and if you lose it you lose it. Bid the next time as well. Once you get the reputation of being a cry baby people won't even tell you about bids.

[@InvestmentJoy]

Agreed, there's a huge quality to a large amount of quantity

[@ajtoofer]

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]

Yeah that was the live screen from when we were there in Beloit

[@Peterpickle2009]

Keep prices low and drive out the competition

[@InvestmentJoy]

That's kind of where I think we want to be - a great job at an affordable price. Especially when we match the right product per customer.

[@troymills9437]

First of your videos that I've watched in quite a while. Having a hard time understanding why you would buy a roofing company in Illinois when you live in Ohio? Trying to run an operating company from two states away is a recipe for disaster (IMO).

[@InvestmentJoy]

Out of curiosity have you watched the other two videos in the series?

[@troymills9437]

@@InvestmentJoy - As I mentioned in my original comment, that was the first video I'd watched in a while. However, at your prompting I did go back and watch the first two videos in this series. I'm still at a loss as to why you would buy an operating business two states over from where you live. Yes, it appears there is opportunity to grow the business in IL, but I can't believe there isn't an equal or bigger opportunity to do so in Ohio.

[@crippledgenius]

Awesome video

[@InvestmentJoy]

Glad you liked it!

[@unguardablefr9483]

Great video!

[@InvestmentJoy]

Appreciate you!

[@jodyblack7951]

I grew up around that machesney park illinois car wash

[@InvestmentJoy]

@@jodyblack7951 awesome

[@oddball6969]

If its a bad location for Mcdicks then its probably a bad location period...

[@InvestmentJoy]

If you read my comments, they're generally very much in agreement

[@nickcarroll5868]

I OWN a roofing company and previously worked for a roofing company that was owned by an ex corporate America guy who bought a franchise. (0 industry knowledge) His business was great when he had his general manager taking care of everything and only doing residential, but as soon as we got a 2m commercial project, everything went down hill fast. Commercial pays much slower and sometimes not at all. If you are attempting to run this as a vacant owner passive business you will lose everything you have. If it was a residential roofing company you would be fine and figure it out before the whole thing exploded in your face. But you could sign one job tomorrow for 5m that will make you lose absolutely everything. I wish you the absolute best but this is a business that requires 100% of your time and attention. Or a guy who understands the business who is getting compensated at around 10% of the gross profit of the business. Please be safe, all of your employees you trust can leave tomorrow and work for someone else. There were 8 guys working for this company and in the course of 6 months 6 of us left. 2 started there own business 2 got jobs and the other 2 left the construction industry.

[@InvestmentJoy]

Had he done much game planning on the large job, and understanding what the capital plan was? The big jobs get complicated real quick as far as the money front goes, and payables are always slow.

[@nickcarroll5868]

@@InvestmentJoy there was a job accident set up for materials. So you don’t have to pay for the materials for 90-180 days depending on your terms. Still have to pay labor and the over head of the business. Construction on the whole project slowed down. Standing seam on parts, TPO, shingles. They also did the siding and that’s slow work. Being stuck on a big project where the GC is slow and you get caught in the middle. The large jobs all come down to terms.

[@billb7583]

Get your tow away signs posted

[@LtColDaddy71]

“I mortgaged my house” as if your smart lol. That translates in to “I’m stupid!”

[@InvestmentJoy]

We will see, from my standpoint anything in life requires risk, so why not take a big risk for a big reward?

[@TheEnd-eg6wq]

Id rather own the storage units.

[@InvestmentJoy]

It's a great biz if you can afford them

[@Zero_Has_Returned]

@Investment Joy do you have your part 107 drone license?

[@jaronking9484]

Why did this feal like a episode of some DIY reality tv show.

[@InvestmentJoy]

Amazing production quality and fantastic personalities, right?

[@andersonlynn3686]

I hope it works out for you .

[@InvestmentJoy]

I do too!

[@TheStevedie]

I have yet to see a business that doesn't use a fax machine.

[@austinrussell3477]

If you buy a gas station in the Midwest get in touch I haul fuel for a transport company. Would love the opportunity to earn your business

[@InvestmentJoy]

Awesome

[@michaelshannon8736]

know of a condo complex that needs roofs.

[@InvestmentJoy]

Send me a email - brandon at HCAndersonRoofing dot com - I'd be more than happy to share a commission/sales fee with you.

[@roymoxley2587]

You keep on working and being in debt Have fun

[@InvestmentJoy]

I think I am very lucky to be able to do something I love.

[@chaise91]

That carwash and stripmall are a bad sign. Stay away.

[@thecadetsfamily]

How can I get a hold of you man?

[@InvestmentJoy]

Either my website (Investmentjoy.com) or sending me a DM on X/IG