Forget Real Estate Investing, THIS Is The Future

[@EbkMelly.]

Love seeing the different ventures been here since coin counting days 💪🏽‼️

[@InvestmentJoy]

More to come!

[@nman1]

Bro started the video like a Mr. Beast video 😭

[@InvestmentJoy]

​​@@nman1you'd almost think we happen to have the exact same editing crew

[@nman1]

@@InvestmentJoy idk man, I don't waste my time doing that kind of research for random videos being recommended to me. I see a video that looks interesting, I click.

[@linnieh.2846]

Thanks for coming to ROCKFORD! We Love it here!

[@InvestmentJoy]

It's a nice, not-so-little town!

[@PaulShively]

I love that you went into a place that itself has a massive social media presence! Loving this new series. Congratulations om the new business.

[@InvestmentJoy]

Yeah it was the recommendation from the camera operator I was really happy I got to meet them

[@shogged]

Love the new series!

[@InvestmentJoy]

Glad you enjoy

[@Jay-nr9xi]

I love your new videos with the roofing company keep them coming please

[@InvestmentJoy]

Will do

[@sz1404]

Right now I'm not doing well financially but I can tell you one thing it is good to see a guy like yourself I've been watching you from the coin machines laundromats you seem to be a very fair and honest person I saw you do trailer park rentals I don't know how that went but anyway you seem to be a good guy I hope you have prosperity

[@InvestmentJoy]

Appreciate the kind words, wish you well

[@kenbrandt4984]

Stellantis will be closing that location. They are the same union as me. That is how I know.

[@InvestmentJoy]

Are they not building the ram 1000 / rampage there, now?

[@NikkiCornelius]

On state street there is a theater… maybe look at that for your next project…. If you need any ideas- I am in the area

[@InvestmentJoy]

To reuse as a theater or to do the roof job on?

[@NikkiCornelius]

@@InvestmentJoy either or… if you drive from down town headed east on state street- you will see it… 721 east state … it’s been just sitting there for years and years… people have tried with it but it’s been a whole thing

[@ryanpoole1549]

I LOVE your videos!

[@PUPPETEERFOOTBALL]

Kenyan guy fro Linkedin loving what you are doing, keep inspiring

[@InvestmentJoy]

Sweet!

[@ccoder4953]

Hey Fire Dept Coffee! Their KZbin channel is hilarious.

[@InvestmentJoy]

Agreed!

[@Leti86]

Love this, as a roofer sunglasses is a MUST

[@InvestmentJoy]

Yeah, UV-related eye damage is now #2 for roofing injuries due to the reflections, its crazy.

[@WeixDraqz]

Hire more people.. salesmen too, then you can do the bigger jobs. You should also have a department for small works, residential works as well which would open up more jobs and more revenue

[@InvestmentJoy]

That's the hope, long term, just lots of organization.

[@FireHawk92.]

Keep making content, great job.

[@InvestmentJoy]

Glad you liked it (But watch the whole thing, it's only 1min after posting a 17min video).

[@byronrogers4489]

Delicious quarters ... and contracts.

[@D2O2]

Cost, Quality, Velocity.....you can only pick two.

[@currentfaves65]

You are out of Ohio !!! Wild how far you have grown ! Congrats !

[@InvestmentJoy]

Yes I am!

[@KayFabe87]

@@InvestmentJoy Have you fully relocated from Ohio to Illinois?

[@InvestmentJoy]

@@KayFabe87 Nope, i'm making the awesome choice to commute :D

[@Amirealestateinvest]

Amazing buy! I also recently purchased my first turnkey property and I spent less!!!

[@InvestmentJoy]

Nice!

[@spineguy1553]

You need a bank that will work with you on a credit line. You lost a 2million job over a $300k refundable down payment. That job would have made you $700k plus work for your team.

[@InvestmentJoy]

Yep, will probably talk about that very thing in a future episode

[@rubeshere]

Would be great if you break down the profitability of each business. And in that, assuming you had a manager, or value your time in the calculations

[@kevinC5611]

Get a stair tower scaffold..... if one guy eats it that $300 ladder gunna be pretty expensive !!

[@gargamelgargamel6431]

As a crane operator who has lifted lots of roofing material, and has also dealt with lots of other height related labor personally; this is fact. I’m also nearby you and know your brother if you want to discuss different safety aspects in person. I used to go to church with him

[@carloshour8263]

A brace where the ladder meets the roof makes it a lot safer

[@InvestmentJoy]

I'm making a note of all these suggestions and will be running it through the crew to figure out how quickly we could get one of these set up and the safety advantages of it. I know I personally don't like the idea of climbing up that extremely long ladder. Granted they do a very good job of securing it to the roof but looking at some of the scaffolding ladder systems, I know I personally would feel a heck of a lot safer on them

[@TTDTIS]

Is this real? Congrats! I just got my first 30w 30d laundromat last year because of you and bang your on to the next industry. Cool stuff.

[@InvestmentJoy]

That's awesome

[@railsrust]

Loved your videos for years, since the Covid era when you first started the laundromat. I'm liking the new format, although I'd still love to see some of the old stuff mixed in with this. I would love to get into owning my own businesses, but I can never get myself above war for long. The issue is that I'm autistic, and it's difficult for me to work traditional jobs and earn the kind of money I would need to even get started. I don't get getting handouts, but I'm totally lost. It's unfortunate, because I think if I had the capital, I could do some cool things. Oh well, back to the poverty mines for me. 😀

[@InvestmentJoy]

Big thing to understand is money/loans/etc are out there if you can build a well enough plan without much speculation

[@matthewa.3488]

Pretty neat to see a KZbin video and then literally be able pass by the exact jobsite haha, keep it up. Rockford is filled with roofing companies (I've worked for a few) but a union roofing company I'm curious on the profit margins for having a non-union roofing company go union. (I did notice you said you have the contract for Stellantis that's freaking awesome legacy client) I also heard you say around 4:30 you said you wanted to get into real estate in Rockford, its currently prime for what you want to do. (I know some people in the Rockford area that are renting out to traveling nurses as nursing is big here.) Economy here is okay if you are consistently working (can be able to make a nice saving account) but starting you own business is the way to go!

[@InvestmentJoy]

If you can keep work quality up, people safe, and be efficient the end (in my mind) is the crew as a whole makes much more money. I want to get into *Something* to potentially keep the crew busy during the winter, real estate would be one of those things they could work then make some money later in the year which would be cool.

[@icedog1123]

​@@InvestmentJoyI live in Belvidere

[@InvestmentJoy]

​@@icedog1123nice, I drive by the assembly plant every time I come out

[@wadebarnett2542]

Make sure your guys wear hats and lots of sunscreen!

[@InvestmentJoy]

Agreed

[@Nick1253]

Just keep consistent and keep your guys busy and they will eventually learn to like you lol

[@InvestmentJoy]

I think they do to a large part, but I absolutely need to consistently take care of em and make sure we are on track

[@Nick1253]

@@InvestmentJoy you seem like a good guy, stick to your word and you'll be set.

[@jwg9338]

Are you done flipping properties and focusing more on this roofing venture? Congrats btw, great move!

[@InvestmentJoy]

Kind of both.

[@icedog1123]

​@@InvestmentJoyI work on houses if need help I have pictures of my work

[@InvestmentJoy]

Meant to ask you on other comment - What's your approx hourly fee/charge?

[@umarkhayam0079]

Hello sir big fan ❤🎉

[@InvestmentJoy]

Hey big fan, this is sir, hope you're having a great day

[@umarkhayam0079]

@@InvestmentJoy I want to talk to you please It's a personal matter🙏🙏🙏Please

[@headspace632]

what are you doing for your consistency on jobs? aside from being around what is the best marketing for a business.

[@jeffhambro]

I love this! How much revenue was the company doing when you purchased it?

[@InvestmentJoy]

Was great, however once you factor in purchase price + some new staff, the net isn't super fantastic, which tends to be the situation with many of these companies.

[@youngorangee]

Legend

[@InvestmentJoy]

No, UR

[@BillyGold007]

You have many irons in the fire!

[@InvestmentJoy]

Both for better and worse

[@Slubbernard]

Kewl information

[@InvestmentJoy]

Sweet

[@joshuafrench1902]

Dollar coins really help in my vending business. I just hate having to order them from the bank.

[@InvestmentJoy]

Agreed, we'll do a video about it here soon but it's amazing to me how much of an impact we've had on the local banks by switching over to dollar coins

[@joshuafrench1902]

@@InvestmentJoy my bank stated holding a box for me and letting me just get what a need usually 200-300 a week (not the usual case but only because I have built a relationship with them).

[@downundarob]

TIL that the USA has dollar coins, are they common or would the average 7-11 staffer be wary about accepting them?

[@InvestmentJoy]

​@@downundarobI think it really depends on where you're located if you're in New York City I hear they're extremely common. Around here people think that they're very rare and valuable. Over the last two weeks we've had people come and intentionally buy $400 worth of coins off of the car wash. And there's a rumor going around right now that the mint is considering making some $2 coins

[@downundarob]

@@InvestmentJoy Just for giggles, the $2 coin should be smaller than the $1 coin.

[@stevenmitchem9689]

I’m finishing up my bachelors degree in finance next semester. Ive also have been interested in the trades and have worked some in the industry. What’s the best way to mingle both of those? Maybe a construction management/finance role? Any feedback would be appreciated

[@InvestmentJoy]

I'd say partner/get on with a trades firm and see how you can improve their bottom line. That's ESSENTIALLY the role I'm taking here with the roofing firm.

[@icedog1123]

Is the the ABC in Roscoe or rockford

[@InvestmentJoy]

We specifically went to the one here in Rockford episode 3 you'll see ABC up in Beloit

[@samfish6938]

You need to get into solar

[@InvestmentJoy]

Agreed, we are working on it.

[@robertromero8094]

Im glad im not your camera man. I wouldnt go up that ladder haha

[@InvestmentJoy]

It was very high

[@Pjw350]

There is walk through attachments now available that attach to the top of the ladders. You set the ladder flush with the roof edge and the extensions come up about 3’ so instead of walking to the side of the ladder off- your walking directly through the safety brackets. Some even have gates that will close the access off. Your ladders need an access path from the flags to the ladder. With a removeable flag to easily get in and out of the access path. Love the content.

[@Abraham_0]

Would you put one of those slot machines in one of your businesses? Every corner store here in Cleveland has one 😂

[@InvestmentJoy]

For $10k/mo I would

[@Planeandaquariumgeek]

Quick question: how many laundromats and car washes do you own?

[@InvestmentJoy]

Still at 2 carwashes and one laundromat. Sold the two laundromats that weren't going anywhere.

[@Planeandaquariumgeek]

@@InvestmentJoy ah, makes sense. Right now my mom has 3 laundromats and 2 car washes

[@InvestmentJoy]

Nice!

[@Planeandaquariumgeek]

@ also about 50 rentals

[@dvljet]

Im not sure its legal in any state to have slot machines or video poker machines inside any business that miniors come into also i think theres even strict rules on who can even have them . the state and the tax man run it . the regulations where you are must be lax because using flags and cones on a roof has a guardrail is funny because most times its metal posts every so many feet then 2x4 or 2x6s are used in the slots has a guardrail and the metal posts get fastened to the edges of the roof if a health and safety inspector showed up on site for a surprise visit i think youd be looking at safety violations . the best advice is look in the roofers handbook or guide or even your state has manuls on construction safety and the regulations . its not a question of unionized or not its the quality of materials that proves if the job is good or bad use cheap membrane or cheap tar and youll get very short life results .

[@InvestmentJoy]

From what I understand / our Interpretation of the OSHA handbook when it comes to PFAS vs safety monitors in low-slope roofs. Not sure if our monitor is obvious in the video or not. Union vs non union certainly doesn't always mean you use better, or less better materials. However just today I was looking at photos of a pretty solid SPA product that was applied improperly (Wrong tool for the wrong job) and now the roof is bad after only 11yrs.

[@GHCMargarita]

No historic churches in the US 😂😂😂

[@InvestmentJoy]

Sure there are

[@GHCMargarita]

@@InvestmentJoy It’s a lame joke, European joke.

[@someguy9778]

Compared to Europe, probably true.

[@bignickd76]

Did you know anything about roofing before buying the business?

[@InvestmentJoy]

Not really with regards to low sloped commercial. I have a decent understanding of shingle and metal residential

[@pokemontrainer34]

from crack head trailer park to a roofing company.... How things can change :D

[@InvestmentJoy]

I can do a lot of things

[@insidelectronics]

Don't bet on Stelantis sticking around.

[@InvestmentJoy]

it would be very unwise for me to bet the farm on Stelantis keeping Belvidere, we'll certainly have t o see what happens.

[@codegeassfan4life28]

@@InvestmentJoy it be interesting seeing u go near the area and exploring other businesses around the plant that help keep it going and how it'll affect them if the plant shuts down.

[@InvestmentJoy]

@@codegeassfan4life28 Yeah, i've been around there once, it'll be extremely harsh if it gets shut down. Granted to an extent I *think* something positive will happen, even if it's not a full large-scale resstart.

[@dustin288]

that is not a 90 ton crane maybe a 40

[@jwg9338]

90 should have 8+ axles.

[@InvestmentJoy]

It's 90 as far as the bank is concerned, hear that SBA? It's valued at $300k+

[@InvestmentJoy]

(But you're right, it's a 30, not sure why I said 90 in the video, there's some document somewhere that said 90 and I've got it stuck in my mind).

[@johnjones2nd667]

Talk about a smart investment buying a cyber truck is not a smart investment

[@InvestmentJoy]

It's an attention getter and if I used it for advertising it would be pretty useful

[@matthewa.3488]

@@InvestmentJoy Can confirm Tesla Cyber truck is a great for advertising in Rockford, IL it makes everyone's head turn.

[@InvestmentJoy]

@@matthewa.3488 I know I notice them! Whether it was Rockford or here in Circleville

[@JohnBarry-sy4hg]

I just saw you in magz chat

[@InvestmentJoy]

My son was on my account

[@miamijames]

Why would you want your employees to join a union, slowly they bankrupt every business

[@InvestmentJoy]

How much do you know about skilled trades?

[@TimTams_64]

You seem like a decent guy, hope it works out, but with tall buildings shouldnt thre be scaffolding and safety harness?.

[@InvestmentJoy]

Would need harnesses without a safety monitor, you can see the monitor in some of the cuts

[@r0c1ndave]

@Investmentjoy Dave here, Brandon. I haven’t checked in in a while. I joined my brothers construction company and trying to learn as much as I can while in the mean time. Great content 👌🏼 looking forward to the updates on this company.

[@InvestmentJoy]

Oh wow, that's awesome