Would love a 3 month follow up to track her progress
@InvestmentJoy Жыл бұрын
That's my plan
@maddumass Жыл бұрын
@@InvestmentJoy I waiting for the snow angels in piles of money video.
@ninjadetectorist1134 Жыл бұрын
Yup. That's the real knowledge.
@CaliLottoplaya97 Жыл бұрын
@@InvestmentJoy Brandon, did Jacqueline buy the laundromat real estate? or just the business?
@tylerdiedrich1947 Жыл бұрын
Bankruptcy court or cash for keys with the bank
@harleyharleyharley Жыл бұрын
I just admire people like this that are taking risk instead of asking or waiting for participation trophies. Wish you all the best .🙌
@tahirisaid26939 ай бұрын
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@tahirisaid26939 ай бұрын
I've come across several positive endorsements of Jenny Pamogas Canaya on various platforms, including KZbin channels, seminars, and more._.
@hustlinmagic Жыл бұрын
Ok let me get this straight. She'll be going 450k ( ish ) into the hole, not including interest or the investor deal. She also has $120k in repairs on top of that and equipment that may last 2 years before needing to be retooled. Assuming that the equipment is bundled with the package, she'll be paying 7.5% in interest on it 28 years after she has disposed of it. The building looks run down, unwelcoming and not really somewhere I'd want to spend time alone. On top of that you want to put a liquor store next to it, which will make it feel even less safe and welcoming. I don't see how a 9k+ monthly payment is feasible. And that isn't including insurance, maintenance etc. I wish the girl luck but this just seems like a horrendous deal.
@WrongThink_ Жыл бұрын
He's a snake oil salesman.. the dude got this girl so far into debt she may never recover and he acts like he has given her the world... he makes his money off his channel ads and selling his "program"... his "collection videos" are staged.. he owns run down dumps that don't bring in nearly what he claims they do.. he's a conman...
@LouisPorterJr Жыл бұрын
Then this sound like it is not a good business FOR YOU. Thank god she doesn't have to worry about that since she is not you.
@TheMasonK Жыл бұрын
I get what you’re saying but most people who are using a laundromat either can’t afford their own machines or don’t have space for them in their apartment/house. If it’s the only laundromat location in that area people are going to flock to it even if it looks sketchy. I do agree that the liquor store gives off a bad vibe though. I think they should try and rent out the liquor store side to someone who wants to make it something else.
@WrongThink_ Жыл бұрын
@@LouisPorterJr Tell us you bought into Investment Joy's "Program" without telling his you bought his program..
@LouisPorterJr Жыл бұрын
@@WrongThink_ Tell me you never invested anything without telling me you've never invested in anything 🤣🤣😂😂😁😁🤡🤡
@floydlooney6837 Жыл бұрын
It's great to see you help others get into businesses.
@johnnyfive1412 Жыл бұрын
Booze shops dont attract the best kind of people who may end up drinking in the parking lots and causing problems with the laundry customers. Why would she need to keep it a booze shop rather than something like a small grocery store which could compliment the laundromat. People can shop while waiting for cloths to be ready.
@thwalesproductions Жыл бұрын
Good idea, the one near me has the exact layout, laundromat then a small convenience store next door connected to it
@MrMongerkhan Жыл бұрын
Good luck. I wont name the town but i grew up and come back here weekly. She is going to have an absolute hell of a time here. Hopefully she has the perseverance to get through and be successful. Get yourself some top tier Security cameras.
@sentinel1518 ай бұрын
Taylor, TX. Easily found.
@twmcmahan Жыл бұрын
Glad to see someone going from MLM's to owning real businesses.
@bSherwin Жыл бұрын
Scrap the liquor store and turn it into a convenience store. People doing laundry are more likely to wander in and get a snack/drink than they would be getting alcohol
@lancesanderson Жыл бұрын
Unfortunately, there's a convenience store next-door.
@Cynthea_Lee Жыл бұрын
@@lancesanderson Are they in a 'food desert' ? Put in a tiny discount grocery type thing, change the food out weekly by buying things in bulk then reselling there, or fresh foods. Area looks like it doesn't really need a liquor store, and discount foods or fresh foods would make it less likely to get robbed.
@paull9137 Жыл бұрын
Family is the only reason for the grind.
@TheMasonK Жыл бұрын
Vin is that you? 😉
@hughstephenson2957 Жыл бұрын
Give the exterior a good pressure wash and refresh and good signage and lighting.. plus keep the area safe and welcoming to decent customers and thatll help out a lot
@federalmemeist961 Жыл бұрын
My main reason is to pull my family name above the poverty line. One of my biggest goals in life is to get on the work grind and make money to have a comfortable life.
@Allinmyworld10 ай бұрын
I would scrape the liquor store. I would put a restaurant, maybe a smoothie shop, maybe break it down and expand the laundromat to the other side, dry cleaning, arcade or something else Get good motion sensor flood lights for people surrounding the store clean it up, maybe hire a security guard. She has def. room for many more vending machines in there, many more video games, claw machines. She gotta get creative and clean it up. Take those broken down top loaders out. Scrap them. Add more seating. Add some tvs. Add more folding space or storage area for the fluff and fold service
@FtanmoOfEtheirys4 ай бұрын
I'm planning on moving to Australia within the next 5 years and I've been getting quite interested in wanting to open a small business. Watching these stories really fills me with hope.
@Lvnthvbs7775 ай бұрын
Hey would love if y’all could drop an update video on Jaclyn’s progress so far!
@MyCre8tiveUserName Жыл бұрын
The amount of that loan, and the total overhead per month is a little terrifying, honestly.
@ravenlorans Жыл бұрын
I Subbed because of the Trailer Park and Rental Renovations.... And where did those go???
@InvestmentJoy Жыл бұрын
Hope to have more soon
@trodoro Жыл бұрын
this guy is actually making america great again, giving opportunities for people
@joshuahill6153 Жыл бұрын
I work hard at the moment because I am in my youth and I need experience, particularly in the industry I am interested in. It helps me gain inside knowledge and experience that'll further influence my studies at school.
@dwatt8004 Жыл бұрын
I know I’ve seen this guy on Danny D’Angelo’s channel. The dude who works to get people “free” laundromats…And this guy let a poor woman go around $600k in debt for a 2000sqft store on the basis of “we can make it more profitable in the future”. These numbers do not seem manageable at all. What am I missing? In fact I scouted this store about a month ago and thought it looked pretty bad. Just getting up the hill to park in the lot is a challenge. I hope her the best of luck but I’m guessing Danny D will be able to negotiate with the landlord once she begins missing lease payments.
@InvestmentJoy Жыл бұрын
She owns the real estate, as stated clearly in the video. Thanks for trying. Your guys need to source you better fake accounts in the future ;)
@Vikturus22 Жыл бұрын
It would be nice to do something like this where I live ( NZ ) but unfortuantely it is VERY EXPENSIVE as the big washer and dryers are approx $11-14k per unit. When I looked into it they sell there washes for $10 per wash and $14 for drying. My local laundromat is open 24 hours but the costs to do are very high, power and water costs are high as well
@TheSoloAsylum9 ай бұрын
Sorry, the numbers don't work with this deal. This store needs 10K/month just to remain open...
@Corvidae65 Жыл бұрын
I think she should hire a professional pressure washing crew to come in and pressure was the entire front or the building along with the sidewalks and parking areas as soon as possible. Add more exterior lighting to eliminate the shadows that bad folks like to hang out in. Also, clean up the trash around the building and help the homeless folks find a different place to be. If the outside is fresh and clean then folks might be more inclined to believe the inside is fresh and clean. (inside needs a LOT of work too but one thing at a time) Just suggestions. Good luck with your new endeavor! Edited to ask if the 575k price includes the lands and buildings or is it just the businesses? If it includes the buildings and land then it's not a bad price at all.
@chaseoes Жыл бұрын
I would assume it's only the land and buildings and the business isn't included.
@lancesanderson Жыл бұрын
This price includes Everything! Thankyou for asking.
@TheGreatEscape77 Жыл бұрын
thats so cool i wish her lots of luck.
@BobEstler Жыл бұрын
I work hard. My dad died when I was 7 and things were tight for a while. I work not to make sure my family will be provided for, even if I am no here.
@sithrage Жыл бұрын
My wife wants to open a laundromat-bar. We’ll call it Suds n Suds. (Don’t even want to think about the red tape getting that approved haha)
@KJWindsor1 Жыл бұрын
I forsee lots of pink clothes and rose coloured glasses.
@vicentequintero2030 Жыл бұрын
You can do that, there’s one in Texas that I’ve been to that’s a restaurant-bar and a laundromat in one. Then again, Texas is more relaxed about regulations and red tape lol.
@wadebarnett2542 Жыл бұрын
My area had that concept, called Suds and Duds. There were a couple of them, but I think they've closed.
@sunstirade1085 Жыл бұрын
I just seen one of these in Illinois
@stevelozano9523 Жыл бұрын
Or a club-do-mat (nightclub/laundry in one)
@patman147 Жыл бұрын
I grew up with a challenging learning disability. It didn't help that I grew up in an an upper middle class town with a lot of smart kids. It made me insecure, but it gave me the drive to prove I could do as well as any of my classmates. Through a lot of hard work I was able to overcome my learning disability in my 20s, and I have worked tirelessly my entire career. I am now 50 and an executive at a fortune 50 company. You need to develop a lot of skills to be successful, but it was my drive & determination that moved me past a lot of smart and talented people as i advanced in my career.
@kaitlinhealy963 Жыл бұрын
I want to use a laundromat as a community space. Schedule food trucks, create fundraisers, veteran discount would love to collaborate on a deal in central Florida!
@kaitlinhealy963 Жыл бұрын
@codiesanchezCT I’d love to be a candidate for your investment. I have so much vision to make these spaces multipurpose and drive community engagement!
@Chandlergt1995 Жыл бұрын
Congrats Jacqueline it gives me hope and motivation to do this myself!
@tlotlosenai7304 Жыл бұрын
So what if she doesn't want to run a liquor store? Maybe another business would be better for that space? Just a thought.. Where's the link to your team mate? You might assist me too?
@mikekatura6657 Жыл бұрын
Awesome job helping out wish I could open a bottle return here in new york
@kurtismckemmie4850 Жыл бұрын
There's a guy in Maine that started his own bottle return out of his garage. Then he found a spot not far from home. All you need to do is go through the vendors and they will reimburse you for what your customers drop off. I might have some of that mixed up, but my best advice would be talk to a small liquor store owner that has a bottle return.
@LordOfTheGreen Жыл бұрын
Think I missed something where’s the discord? And what’s yours again brandon?
@jeffidubb Жыл бұрын
Not gunna lie she will probably not make it. Almost 10k a month right off the bat without retooling
@Ralphistoun Жыл бұрын
Ye that is really hard
@renebarrera5286 Жыл бұрын
$300 a day. lets say 18 hour days 6 am to 12 midnight. its a bit under $17 an hour on how many machines? and under new owners and some new buzz its hard but doable.
@TeamMD0 Жыл бұрын
I wonder if she can get google to expunge the negative reviews since it’s under new management, technically a new business
@toodlesnoodlesgsl Жыл бұрын
I think that price is a bit to high
@yabbasef Жыл бұрын
It’s very high , I hope it works out for her
@InvestmentJoy Жыл бұрын
Something to consider is the multi billion dollar facility up the road that's increasing values exponentially
@stevelozano9523 Жыл бұрын
I hope it works out because with the potential 12k profit monthly and the 9k debt monthly, that's only a 3k gap and if this will be her families only income, she will be struggling to live everyday life's necessities (her home debts and daily living), she won't be able to get her much needed equipment within the 2 year period (also doesn't include investor(s) repayment) . I hope she has a aggressive strategy to get through the first year because that might be the toughest period (which might require additional investors and add to the debt).🙏
@simoncameron4355 Жыл бұрын
My Family 100%, my dad passed from cancer 3 years ago, and my mom moved in so I could take care of her. My daughter is going to college. The only reason I am still working is for my family
@snoobsnob736 Жыл бұрын
The Beauregard Lionett Cardigan is awesome.
@excellentspy5881 Жыл бұрын
Keep it up man!!
@pjs139 Жыл бұрын
If you stated it, I missed it, is the building included in that payment?
@kurtismckemmie4850 Жыл бұрын
Buy the liquor store and turn it into a dry cleaning business.
@heavylobster9427 Жыл бұрын
I wish I had an opportunity to open an official downtown laundromat, that benefits you physically and gets your clothes washed at the same time!
@porchard3628 Жыл бұрын
Working hard...so I can buy Codie Sanchez;)
@robertdoell4321 Жыл бұрын
Great video showing the process and numbers and Helping her become independent.
@splintershield Жыл бұрын
You love to see it. I think we'd all like to see more on this down the road, because there are definitely some red flags, and I'd love to see how she pulls this off!
@Unominious Жыл бұрын
I would love to open something up. I'm driving a semi truck right now so i dont really have a place to live right now. What would be the best way to go about opening one up? I would definitely need a partner to help with finances since im not all that good at math other than basic math skills.
@paulmark992 Жыл бұрын
I guess optimizing and cleaning the laundromat is a good idea. I saw another channel that invested in cleaning the laundromat up and working hard to make it feel more welcoming and the business is booming.
@martinbarraza7135 Жыл бұрын
I also would like a follow up with her progress
@leighcarson-braun4874 Жыл бұрын
Definitely for my kids!
@travisbauman9327 Жыл бұрын
Way to go my friend!
@DavidVArt Жыл бұрын
I have watched your videos for years and I love them. But I’ve never commented. I’m a professional artist so my income is far too up and down to ever do something like this. But I love watching others. I know of a car wash outside Charlotte, NC that closed years ago. The land has been for sale ever since. If anyone on here is interested, please reach out and I can get you the info. Hopefully one day I can transition into real estate and join this wonderful community. I find deals all the time. But until then, congrats and good luck to everyone.
@Unominious Жыл бұрын
i tried signing up on your website...it asks about investment money how much are you wanting to know that we have? and i couldnt change the month to schedule a call with you since there was no free time in the month of may.
@rustyrobinson8027 Жыл бұрын
God bless investment joy thanks
@iamgabrielf Жыл бұрын
$575,000 for what? A failed landromat with equipment that has less than 2 years life left? Retooling alone will cost a third to half a million dollars. OMG What a horrible deal. Even if it is profitable does not justify the price. And you're partly basing the decision on future jobs in the area?
@InvestmentJoy Жыл бұрын
The liquor store lease at current market is going to cover the entire debt load and then some
@iamgabrielf Жыл бұрын
@@InvestmentJoy 7:42 The debt service on the mortgage alone is $3,251, without the private financing. The 1,000 sqft liquor store has to rent at $40 sqft. That is current market rates?
@idahofur Жыл бұрын
Not going to lie. This is why I have not taken any chances. But, within the last 2 years or maybe 3. Two new Laundry mats opened up and one replaced all the machines. Out of the two that opened. One was in a great location due to no other laundry mat (That is know of) in that location. The other one is about 10 blocks from the existing one that replaced the machines. I only been to the new laundry mat and was shocked at the prices. However on a note. They did take credit and debit cards. It was nice and clean. Well lighted and free internet. Also had Televisions mount on the wall. Not that I noticed anybody watching them. They mostly was watching the phones. Also had nice clean bathrooms. Plus, nice tables and chairs to sit at in case you want to pull out your laptop. I thought that was a great idea. As for the price you have to understand. The only reason I was at the laundry mat is I was having sewer issues and couldn't use my washing machine.
@sunstirade1085 Жыл бұрын
@investmentjoy around 5 minutes mention that those top loaders needed scraped. Is this because they are not functional or because of another reason? I’m looking at approaching 2 laundromats and a car wash in my area. I’ll take any info you can give out! Do you teach? I’m motivated and want to learn and earn!
@InvestmentJoy Жыл бұрын
Unreliable and in bad shape. Would be more than happy to teach you about laundromats and carwash, check video description and talk to my team!
@greed30138 ай бұрын
Would like to discuss machine repairs: what's reasonable/ productive/ and effective to get improvement in working equipment. Please give me a way to contact and discuss this subject with you or your team. Thank you...Greg @@InvestmentJoyvideo I was watching is "My Subscriber Bought Her First Laundromat! What Happens Next?" Approx from 8months ago
@ajswital Жыл бұрын
Building needs a good power washing!
@dylanstraub9612 Жыл бұрын
Generational wealth is why I work so hard.
@maddumass Жыл бұрын
Warren Buffet is the number one investor and he's NOT leaving any wealth to his children. The first company Warren aquired he fired EVERYONE. His wealth would appear to be an engine of hate from him. He lives in the same house he had since the 1950's and uses coupons.
@ZohaibAwais003 Жыл бұрын
I Want To Live A Luxury Life And Support Others Also So They Can Also Live Luxury Life!
@danielantonelli9667 Жыл бұрын
Guy from Ohio goes down to Texas and says a place is busy being there a day video summed up your welcomed lads
@shahs3262 Жыл бұрын
Hi. Still waiting for videos on the storage unit business. Any updates on that?
@sabastinepower8213 Жыл бұрын
My family,they are the only reason.
@InvestmentJoy Жыл бұрын
Awesome, I feel that
@seen488 ай бұрын
Hope she does well and that there are no issues with the guests living behind the building.
@kevhollywoodgamer7634 Жыл бұрын
Laundromats can be boring when your doing your laundry. You should put some arcade games in their to add more revenue
@Gortman13 ай бұрын
Several people posted that there is a choke point in the washers to dryers ratio. What is it ?
@derrickforeal Жыл бұрын
I love the 90s informercial vibe
@jcxcruzer12917 ай бұрын
It would be good to touch on the main KPIs that this business has that makes it a good investment. Things like foot traffic, general usage, commercial vs walk ins etc
@JeremiahChristen-gd5ik Жыл бұрын
My family is the reason why I do the grind and wish I was out of the rat race
@sherriemyles2776 Жыл бұрын
I missed coin machine. We have nothing but cards.
@TeamMD0 Жыл бұрын
How were you able to convince private investors for a first time business owner ?
@sj7601 Жыл бұрын
I'm surprised companies still hire for data entry positions...
@OracleMoon11 күн бұрын
I find it hard to believe electric service is expected to be $500 a month, in Texas…no way.
@Aaron-xc4je Жыл бұрын
I would put drink and snack vending all so a few coin pushers all so coffee machine
@KustomKrosses Жыл бұрын
Equipment payments for that size store will be well over $3000 month
@gersitz Жыл бұрын
More like 12k I have half that equipment and I’m at 6k
@InvestmentJoy Жыл бұрын
Our plan outs her at significantly less
@gersitz Жыл бұрын
@@InvestmentJoy I would just batch upgrade, most of that stuff looks decent.
@InvestmentJoy Жыл бұрын
@@gersitz that's the plan we're trying to get her up to running and profitable. The thing that I'm not sure if it was edited out due to time is the fact of the liquor store is going to make her entire monthly payment and then some money to put in her pocket. This is as much of a real estate play as it is a laundromat play.
@gersitz Жыл бұрын
@@InvestmentJoy that changes the whole deal. Nice
@esmooth300 Жыл бұрын
Can you do the same no money down with car washes as well because I would like to start that to. I've been looking for a laundromat, but my negotiator (DD) doesn't deal with brokers. I'm trying to find lanlords but it's difficult.
@davidv2002 Жыл бұрын
could you do a update video on the discount grocery vending machine
@rls1689 Жыл бұрын
Thank you
@brucemannjr Жыл бұрын
I’m interested knowing this I like to see the next video please.
@sarahmatthews2737 Жыл бұрын
I work hard for my kids
@thereallabelmc Жыл бұрын
What would be the best way to get in contact with you directly? I am thinking about buying a laundromat and want to get some insight on the yes or no aspects to purchase one. I have gotten some information on the P&L for previous years and the purchase price. Any help would be greatly appreciated. Thanks.
@TripleRedxАй бұрын
When will we get an update?
@leovargas7603 ай бұрын
Question can you buy a laundromat with financing from a bank 🏦???
@xaviercarlos8396 Жыл бұрын
i want to open a laundromat
@inadifferentbag5549 Жыл бұрын
Me too
@InvestmentJoy Жыл бұрын
I honestly feel it's one of those things where if I can do with having no college education I think many people can if they really desire to do it. If my team can help let us know
@southaussiegarbo2054 Жыл бұрын
@Investment Joy wish you could buy one near me and i do the bulk the stuff. 😆
@xaviercarlos8396 Жыл бұрын
@@InvestmentJoy i am a fan a big one
@firealarmtechguy4444 Жыл бұрын
I think Jaclyn should replace all the machines with Dexter. Both for reliability along with the lifetime of technical support and built-in emergency stops.
@keithm.5125 ай бұрын
Do we have an update on her journey?
@fossil_blue_zx26 ай бұрын
im in Columbus, if i get my hands on a laundromat or bay carwash i plan on reaching out and hopefully you can respond.
@theBDank7 күн бұрын
$10k a month in expenses. How long until she can break even since it seemed like a terrible rundown location and 0 customer base. Sounds like a terrible deal, especially with all the repair costs.
@BigTomJeep Жыл бұрын
Could you give me some ideas on where to find a laundromat or carwash? Please
@chillingwilly Жыл бұрын
What your website I love to get one
@catrobichaud2864 Жыл бұрын
I work hard because my mom has cancer and i feel i need to take care of her
@GCInvesting Жыл бұрын
Congratulations on the success!
@nikdujmovic5005 Жыл бұрын
whoever sold her this business is laughing to the bank. I would have paid $0. Why would you have not known about the repairs prior to buying? The machines are worthless, and the business has no value unfortunately.
@kennymartin379 Жыл бұрын
I would help her invest
@JorgeGeorgeD Жыл бұрын
I want to help pay off my father's retirement plan.
@omarsi5611 Жыл бұрын
Social Media marketing skills are a most.
@jeanniegetsreal Жыл бұрын
I want to buy one that’s 155k in Cali. Help.
@InvestmentJoy Жыл бұрын
Do you have any capital available?
@jeanniegetsreal Жыл бұрын
@@InvestmentJoy I have 10 percent
@danielantonelli9667 Жыл бұрын
Bruh you should have a reality tv show I’d totally watch you on real house wives! Magic!
@corysmith8977 Жыл бұрын
Update?
@thatlithornet6421 Жыл бұрын
Roll Tide.
@wickintime2203 Жыл бұрын
One laundromat and my life would change... just need the funds to get it
@floydlooney6837 Жыл бұрын
The other space doesn't have to stay a liquor store