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Millionaire Mindcast

How To Invest In A Laundromat Business For Passive Income | FFT

Millionaire Mindcast

Matt Aitchison

Business, Investing

4.8721 Ratings

🗓️ 4 December 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

In this episode of Millionaire Mindcast, Matty A. discusses one of his latest investment, a Laundromat! Why? well they are consistent passive income producing machines.....how do you get started in investing in one? Tune-in to find out! Take notes and enjoy!

Show Brought To You By: TheRichLifeAcademy.com

Episode Sponsored By: TheRichLifeStore.com

Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life.

0:16.9

It's time to unleash your millionaire within. Now, here's your host, Maddie A.

0:23.9

What's going on, guys, Mattie A here.

0:25.4

Welcome into today's show.

0:27.5

I got an exciting show for you guys because we're going to be breaking down an exciting

0:31.9

investment opportunity.

0:33.2

My most, I would say, exciting investment that I made in 2020, syndicating two laundromats and why

0:42.8

these investment opportunities are going to be a lot more prevalent and frequent in the coming

0:48.9

years and how you guys can be taking advantage of this in your own market, whether it's laundromats or other

0:55.4

businesses because of the pandemic, because of the pressure and a lot of the hardship that's been

1:01.2

put on small businesses, there is going to be buying opportunities to buy stable or to buy

1:08.0

tenured, longstanding businesses for pennies on the dollar, whether it's the business

1:14.1

owner just saying, all right, I'm done, you know, this was my reason to exit the business and

1:18.7

they're just at the end of their career and want to get out, or this is, you know, people that

1:22.5

financially cannot afford to keep their business in operation, but it's got a great strong business model.

1:29.2

That's going to create a lot of unique buying opportunities for investors like you and me

1:34.7

all around the country to go out and pick these investment opportunities up and polish them

1:40.8

back up and bring them back up to where they are capable of and cash in big

1:45.7

and benefit from those returns in a very big way.

1:49.2

So we did it through a syndication

1:50.8

and pulled a bunch of investors' funds

1:52.8

and closed the deal, right?

...

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