Quote:
Originally Posted by Phoenix
nice thread for sure...anyone ever buy land to put up a coin op car wash?
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My old business partner switched from single house rentals to car washed around 4-5 years ago. He said he would not invest in rentals again moving forward. He loves car washes for whatever reason.
He had started out buying 2 of them from some cop who had gotten in over his head. So he had gotten them for a song. Within 6 months he had bought 2-3 more. Within 2 years, a few more. He even bought a few that were not operational and completely rehabbed them, even adding in more bays.
I know for him, he was happy as a clam once he moved into that business. He has not purchased another rental, although he still retains the 30 or so he has right now.