415: Car Wash Cashflow with Dave Zook
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 19 September 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
Car washes can be remarkably lucrative. This is enhanced with a franchise model and selling subscriptions to car wash customers.
“There is no other operation on a 1-acre site that can do 1 million to 2.5 million in sales and pocket half of that.” -WSJ story
Like other real estate, a car wash location is vital.
Much like apartment buildings, car washes are valued based on their income stream amount.
You can participate yourself. Start here: https://gremarketplace.com/carwash. Must be accredited, minimum $100K investment.
Tommy’s Car Wash is an innovative franchise. Customers use a mobile app.
Only Panera Bread and Chick-fil-A have higher sales revenue per location. (Wow!)
Car washes have high cash flow and tax efficiency.
Pro forma returns for individual investors like you have a 1.75x return on investment in five years or less. There is 100% bonus depreciation in year one.
Learn more and get started at: https://gremarketplace.com/carwash
Resources mentioned:
Show Notes:
Get started with car washes:
www.GREmarketplace.com/carwash
WSJ on car washes:
WSJ on laptop landlords:
https://www.wsj.com/articles/everyones-a-landlordsmall-time-investors-snap-up-out-of-state-properties-11661705278
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: [email protected]
JWB’s available Florida income property:
www.jwbrealestate.com/gre or (904) 677-6777
To learn more about eQRPs: text “GRE” to 307-213-3475 or:
Available Central Florida new-build income properties:
Analyze your RE portfolio at (use code “GRE” for 10% off):
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www.GetRichEducation.com/Letter
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Winehold. A car wash often only occupies an acre or two of real estate, but learn how this well-located space can be astoundingly lucrative, especially with a franchise model today on Get Rich Education. |
| 0:18.6 | If you're looking to grow your passive income from real estate, pay attention. My Property |
| 0:23.4 | Stats is a deal analysis tool developed by an active investor to cut the time it takes to analyze |
| 0:28.7 | any deal by over 90%. For any real estate class, you can calculate the exact price to pay |
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| 0:39.7 | pro forma. Calculate the most you should pay for a renovation, run multiple scenarios with a |
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| 0:51.3 | That means more deals, more cash flow, and more returns. Go to MyPropitystats.com |
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| 1:22.6 | Knowing the difference between a turnkey provider and a vertically integrated rental property company can cost you |
| 1:28.6 | hundreds of thousands of dollars over the life of your investment. |
| 1:31.8 | Some companies sell you a property they don't own, renovate it with contractors they don't control, |
| 1:37.3 | refer you to a property management company they don't manage, all in multiple markets because |
| 1:41.9 | they can't source enough inventory. |
| 1:44.5 | That's why truly passive investors work with our friends at JWB real estate capital. |
| 1:50.4 | Perhaps the country's only vertically integrated rental property investment company. |
| 1:54.3 | They operate in one market, Jacksonville, Florida, and their whole job is to make investing in rental properties easy for you. |
| 2:02.1 | In fact, because of their vertically integrated approach, their clients have gained 79% more |
| 2:07.8 | home price appreciation than the overall Jacksonville market since 2013. Find out more about why |
| 2:14.2 | it pays to invest with JWB. Call them at 904-676767 or go to |
... |
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