146. Inside the Lucrative World of Laundromats With Sam Wilson

Tune in to this episode where we talk with guest Sam Wilson to discuss the profitable world of laundromat investing. Sam recounts his journey from real estate flips to niche investments like laundromats, explaining the cash flow benefits and community impact. Learn how laundromats offer recession-resistant income streams, and listen to Sam's expert tactics for standing out in a traditional industry. Also, hear firsthand about Sam's successful transition away from parking assets. This episode is a must-listen for those interested in diversifying their investment portfolios with alternative, cash-flowing real estate assets. !   About Sam Wilson   Sam, Founder of Bricken Investment Group, hosts a top-rated commercial real estate podcast, with 40K+ monthly downloads and 800 episodes. As an investor for over a decade, he has focused on laundry facilities, aiming to diversify and provide stable returns for himself and his investors. Sam, based in Memphis, TN, holds a business finance degree and a real estate license, emphasizing non-traditional investments for predictable returns.     Here are some power takeaways from today’s conversation:  00:00 The Best Ever Conference 01:31 Tribevest  02:21 Coming Up 02:18 Intro 02:39 Welcome To The Show 03:24 How Sam got Started in Real Estate Investing 04:35 The Evolution of His Real Estate Journey 07:38 How He Timed the Market 10:00 How he Approaches LPs 12:54 His Previous Investments 13:51 Why Laundromats? Why Now? 17:28 Is Multi-Family Affecting Laundromats? 18:31 Aspen Fund 19:15 Rise48 19:49 Can You Expand The Laundromat Market? 21:17 Are Laundromats Similar to Car Washes? 23:09 How Do Laundromats Depreciate? 24:52 The Other Aspects of the Laundromat Business 26:58 Working with Short-Term Rentals 28:14 How LPs Can Invest 31:29 How to Evaluate a Laundromat Operator 33:27 What Metrics should we be Looking at? 34:42 What Does His Competition Look Like? 38:24 www.ellieslaundry.com 38:49 A Great Podcast he Listens to 40:26 Contact Sam 40:56 Thank You For Watching 41:05 Viking Multi-Family 41:43 Steve Suh's Book 42:31 Guest Overview 45:56 Outro 46:21 Disclaimer    This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.         Resources Mentioned: Bricken Investment Group - https://brickeninvestmentgroup.com/ Email: [email protected]   Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh -  https://www.leftfieldinvestors.com/books/ Podcast Recommendations: Motley Fool Money - https://www.fool.com/podcasts/motley-fool-money/ The Walker Webcast - https://www.walkerdunlop.com/webcasts/ Advertising Partners: Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/ Tribevest - https://www.tribevest.com/ Rise48 - https://rise48.com/ Aspen Funds - https://aspenfunds.us/ GSP REI - https://gsprei.com/ Spartan Investment Group - https://spartan-investors.com/ Vyzer - https://vyzer.co/