#74 We Made $1M in 8 Months… Should We Sell or Keep Our Laundromat?
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#74 We Made $1M in 8 Months… Should We Sell or Keep Our Laundromat?
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We took a completely run-down commercial building and turned it into a fully remodeled laundromat from the ground up. After 8 months, over $1.25M invested, and multiple delays with the city… we’re finally ready to open.
But now comes the real question: Do we keep it and potentially make $10K/month… or sell it for a $1M profit?
In this podcast, we break down:
- Total project cost vs potential sale price
- Real laundromat income projections (conservative vs aggressive)
- Why “passive income” might not be so passive
- The real workload behind owning a laundromat
- How we’re thinking about reinvesting through a 1031 exchange
This is the reality of building a business vs flipping for profit—and the decision isn’t as obvious as you might think.
Watch the video: https://www.youtube.com/watch?v=exOlN8Qn6-E
Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing.
Website: www.SageREGroup.com
Phone: 562-307-0838
Instagram: https://www.instagram.com/multifamilylongbeach/
Facebook: https://www.facebook.com/SageRegroup/
LinkedIn: https://www.linkedin.com/in/juanhuizar-sagerealestate/
YouTube: www.youtube.com/sagerealestate
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