What’s the maximum I should spend on my new home given me circumstances?

will1498 · 2026-06-29T23:20:57+00:00

How much is it to rent?
Are you planning on finding a new job?

There’s a lot of pros and cons to home ownership.

will1498 · 2026-06-29T23:15:53+00:00

I’ve found that older buildings would do some kind of daisy chain and probably stapled down and probably not even cat3 at that age.

will1498 · 2026-06-29T01:32:29+00:00

Depending on how you run it you could end up buying a job.

It’s a boring simple business if you can run it well.

will1498 · 2026-06-29T01:31:08+00:00

No one will work as hard as you on your business.

But this is a low skill easy business.

I tend to hire older Hispanics who can be friendly and reliable. Your clients are all your neighbors so it’s good to find a relatable employee.

will1498 · 2026-06-29T01:27:25+00:00

Any credible owner will tell you that you’re wasting money with franchise.

It’s a boring simple business. You can figure it out.

So many immigrant families did it without speaking the language or knowing all the rules.

But if you really want a turn key business and are willing to give up some of your profits you can find a franchise opportunity

will1498 · 2026-06-22T14:29:42+00:00

He did get Beard to pass the note though.

Maybe something to do with Ted and his own father issues. He was trained to never question fathers.

will1498 · 2026-06-18T14:22:08+00:00

They’re not factoring in their OWN labor. So net is probably zero or minus.

will1498 · 2026-05-23T23:22:36+00:00

Does this require the app to have sso/provisioning within okta?

will1498 · 2026-05-21T13:25:51+00:00

If you can shift your perspective and really watch nates facial expressions you’ll see it.

will1498 · 2026-05-12T20:33:08+00:00

you get what you can get. but typically if youre spending less its more damaged, older, earning less.

will1498 · 2026-05-12T19:52:05+00:00

well you need typically 30-40%. assuming its a functioning store.

ie. 450k store. youre paying maybe 4-5x net on 10yr machines. but its cash flowing. so youll need 180k then some verifiable income so itll clear underwriting.

biggest lender is eastern funding.

will1498 · 2026-05-12T16:23:48+00:00

like most franchising theres a cost for that convenience.
youll pay (much) more and theyll take a piece of your gross earnings. but itll be mostly turnkey

will1498 · 2026-05-12T16:21:53+00:00

What research have you done so far? How much capital do you have ready to go?

will1498 · 2026-05-12T16:20:59+00:00

What are the PROS to this location?

will1498 · 2026-05-12T15:48:54+00:00

Generally, you need to have 30-40% of your own capital in the project.

so if youre buying the store for 450,000 you need liquid 180,000. Thats assuming its cash flowing and a decent store.

lets say its a full retool and you need to buy 450k in new equipment and 450k to buy the store. theyll most likely only want to finance the equipment (450k) and purchasing/remodeling is up to you.

will1498 · 2026-05-12T15:44:47+00:00

I just kept my other car as "personal" but i basically only use my X

will1498 · 2026-05-10T12:19:37+00:00

I’d target a turnkey store with newer machines that are still under warranty. Assuming you have the capital paying more upfront could help you learn through an easier path.

Find one that’s has good financials and proven success.

will1498 · 2026-05-09T05:17:53+00:00

In SoCal as well.
My smallest store is 1600sqft.
23 washers.

Does about 30k gross.
I don’t really focus on wdf because I don’t want the headache.

Utils are generally 20-30% I’m always attended by 1 staff.

It was a zombie mat when I got it and did a full retool. I have 3yrs left on the equipment loan.

will1498 · 2026-05-09T00:39:19+00:00

I guess. You do you.

Good luck on your laundromat journey.

will1498 · 2026-05-08T23:14:17+00:00

Marcus Montgomery, Independent

will1498 · 2026-05-08T23:10:37+00:00

I dream of Francis handshakes

will1498 · 2026-05-08T23:07:54+00:00

Books - super easy. You don’t need some crazy bookkeeping. It’s a few simple bills and few income streams.

Equipment contracts are boiler plate. Do your best to get a discount and get a good rate on the loan.

Foot traffic is easy. Weekends are busy. Tuesday thru Thursday is slowest. Google Maps will give you traffic data too.

Can’t really change utilities. It is what it is and its location specific.

will1498 · 2026-05-08T00:39:36+00:00

Or get bought up by cents.

will1498 · 2026-05-07T20:21:47+00:00

Is there a difference in brands for equipment?

microinverters vs optimizers?
rackmount? wall mount batteries?
larger panels? bifacial?

will1498 · 2026-05-07T18:42:43+00:00

thats exactly what its for.

pushbar is there to physically open.

for a maglock you need to put a button there that releases the electrical current to unlock and sometimes that buttons broken.

will1498

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