You are a fast learner Claudio. The stash is getting close to a Don Fry, Dan Severn and Magnum P I level. You are bringing the truth to the table about laundromats. Keep sharing your story. 10 thousand a month but what if the expenses are 9 thousand a month. Nothing is free, not even that course he is selling. Passive my ass.
Claudio keeping going with these videos. The way you show the reality of the laundry business is very helpful. I wish Danny would address the risks AFTER you get a free laundromat. There’s a huge risk after you get your free laundromat that the distributors won’t finance the equipment for $0 down. Danny likes to tell people they don’t need to save $50k before getting their laundromat, but what happens after Danny negotiates a free laundromat for you and then the distributors want $50k down payment for equipment? Hell, even Following Keenan said he had to use his real estate as collateral to get the equipment “free”.
There are RUclipsrs who do actually talk about pros and cons of the laundromat business. To name a few, Following Kenan, Investment Joy, Laundromat Resource, Splash em Out, the older gentleman in NY. He has a Notre Dame flag in the background (can’t remember his name or channel). And I’m sure there are more. There are pros and cons in every business and every aspect of life. It should not deter anyone from pursuing their dream or financial freedom. However! I do suggest anyone interested in getting into ANY type of business to really do their due diligence and DO NOT rush based on any RUclipsrs.
Speaking so much truth in this video. Always wonder why millionaires would just pass on all these "passive" ideas if its so easy. They could easily buy up all these passive businesses. Also why would anyone work hard if we can easily get passive work. Last, if they(content makers selling the dreams) are so successful they wouldnt be making money on videos about their laundry mats and other passive ideas
I bought Danny D’Angelo’s DVD just for entertainment value because I suspected it was going to be fluff, but wanted to see for myself. Sure enough, I was right. 😂 The guy is a joke.
@@99yenom Hmm that's a good question. Sometimes it feels like it wasn't worth it. At other times, I'm glad I took the dive into the business world. I think it really depends on your "why". I wanted freedom, to be able to enjoy my life. I know that laundromats COULD give me that but it hasn't happened yet.
If you have to do more than spend the earnings money even if its a few seconds then its not passive. Its great to work less and get more but doesnt equal passive if you are still in the process even a little.
Yes, this business is not passive. Keep going. Set your sights lower, forget the wash and fold, and focus on making the mat profitable and easy to manage. Good luck.
Not the 70's. 80's p⁰rn stash 😂 Goatee my friend. 3 to 4 days growth, nothing longer. And thank you for telling us your thoughts. I also wonder if you allowed someone to run a wash dry fold in your building? Wouldn't they be the one to do all the cleaning?
You could have your attendant do both. Depending on how busy the WDF is though, you might need 2 attendants. Being a corn star is my passive income side hustle
We are a long way from making a profit. I consider profit being, not owning money for the machines or to anyone. Once everyone gets paid off then that's when Ill say I'm profitable. Until then Im just paying off my debt.
@@justinvestclaudio Thanks for being upfront on everything. I’m about to get my laundromat and your videos are helping me out with the real side of it. Keep making videos bro
@SunshineLaundromatonVine Not many hours spent working there. I go there to collect coins and make improvements. But I am attendant, if I wasn't then I'd have to work there. Customer service is important.
You have to manage your employees. If you have a manager... You be managing them. Passive by definition means money you don't have to work for. You'll be doing plenty of work especially in the beginning. Once everything is set you can take your foot off the pedal a bit. But that's true of any business. Passive income is more of a marketing gimmick.
@@justinvestclaudio I don't think in a laundromat setting your doing much managing unless you add in wash dry fold service. My employee opens the door, and cleans the laundromat, and great customers. The customers washes there own clothing. I visit the laundromat once a week machine don't break often so in reality passive is a thing. I am not doing the work which is what makes it passive for me. At another laundromat I have the doors open and close on timers, no attendant I visit once a week for collections and cleaning that semi-passive.
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You are a fast learner Claudio. The stash is getting close to a Don Fry, Dan Severn and Magnum P I level. You are bringing the truth to the table about laundromats. Keep sharing your story. 10 thousand a month but what if the expenses are 9 thousand a month. Nothing is free, not even that course he is selling. Passive my ass.
With great mustache, comes great responsibility.
Claudio keeping going with these videos. The way you show the reality of the laundry business is very helpful. I wish Danny would address the risks AFTER you get a free laundromat. There’s a huge risk after you get your free laundromat that the distributors won’t finance the equipment for $0 down. Danny likes to tell people they don’t need to save $50k before getting their laundromat, but what happens after Danny negotiates a free laundromat for you and then the distributors want $50k down payment for equipment? Hell, even Following Keenan said he had to use his real estate as collateral to get the equipment “free”.
Thanks! Yeah, if you don't get that magical 0% down, you'll be in a pickle quick.
Thanks for being TRUTHFUL.
There are RUclipsrs who do actually talk about pros and cons of the laundromat business. To name a few, Following Kenan, Investment Joy, Laundromat Resource, Splash em Out, the older gentleman in NY. He has a Notre Dame flag in the background (can’t remember his name or channel). And I’m sure there are more.
There are pros and cons in every business and every aspect of life. It should not deter anyone from pursuing their dream or financial freedom. However! I do suggest anyone interested in getting into ANY type of business to really do their due diligence and DO NOT rush based on any RUclipsrs.
Spot on!
All investment have work. Some more then others. Laundromats are better then single family rentals, but not as nice as triple net commerical deals.
The term "Passive Income" is a marketing gimmick... Unless it's triple net lease.
How's the laundromat?
It's doing well, almost at a break even point on the self service side
Dividends income focused stocks/ETF/funds are the real passive income!
tripple net leases
Speaking so much truth in this video. Always wonder why millionaires would just pass on all these "passive" ideas if its so easy. They could easily buy up all these passive businesses. Also why would anyone work hard if we can easily get passive work. Last, if they(content makers selling the dreams) are so successful they wouldnt be making money on videos about their laundry mats and other passive ideas
I bought Danny D’Angelo’s DVD just for entertainment value because I suspected it was going to be fluff, but wanted to see for myself. Sure enough, I was right. 😂 The guy is a joke.
Great seeing you get our laundromat together. Laundromat are a semi-passive income.
Thanks! Guess that depends on the definition of what passive means.
passive income means money you don't have to actively work for on an ongoing basis
@@justinvestclaudio
I'm still having a hard time getting my laundromat retool
Can you make some videos at the new laundromat?
Yes I can, I'll even make a before and after one.
Was it worth starting the laundromat?
@@99yenom Hmm that's a good question. Sometimes it feels like it wasn't worth it. At other times, I'm glad I took the dive into the business world.
I think it really depends on your "why". I wanted freedom, to be able to enjoy my life. I know that laundromats COULD give me that but it hasn't happened yet.
If you have to do more than spend the earnings money even if its a few seconds then its not passive. Its great to work less and get more but doesnt equal passive if you are still in the process even a little.
Yes, this business is not passive. Keep going. Set your sights lower, forget the wash and fold, and focus on making the mat profitable and easy to manage. Good luck.
Thanks !
Passive income is like perpetual motion! It doesn't exist. There is always some energy required!
@@BobWright42 I like it!
Not the 70's. 80's p⁰rn stash 😂 Goatee my friend. 3 to 4 days growth, nothing longer. And thank you for telling us your thoughts. I also wonder if you allowed someone to run a wash dry fold in your building? Wouldn't they be the one to do all the cleaning?
You could have your attendant do both. Depending on how busy the WDF is though, you might need 2 attendants.
Being a corn star is my passive income side hustle
How do I get in touch with you? I'm in the same boat about building and doing the same as you?
How’s the laundromat doing? Are u making a profit yet?
We are a long way from making a profit.
I consider profit being, not owning money for the machines or to anyone.
Once everyone gets paid off then that's when Ill say I'm profitable.
Until then Im just paying off my debt.
@@justinvestclaudio Thanks for being upfront on everything. I’m about to get my laundromat and your videos are helping me out with the real side of it. Keep making videos bro
How many hours a day do you spend in your
And do you pay cleaners
@SunshineLaundromatonVine Not many hours spent working there. I go there to collect coins and make improvements.
But I am attendant, if I wasn't then I'd have to work there.
Customer service is important.
@@justinvestclaudio do you have cleaners
A laundromat can be considered passive because you don't have to actively work for it. So its passive to you even though someone works for it.
You have to manage your employees. If you have a manager... You be managing them. Passive by definition means money you don't have to work for.
You'll be doing plenty of work especially in the beginning. Once everything is set you can take your foot off the pedal a bit. But that's true of any business.
Passive income is more of a marketing gimmick.
@@justinvestclaudio I don't think in a laundromat setting your doing much managing unless you add in wash dry fold service. My employee opens the door, and cleans the laundromat, and great customers. The customers washes there own clothing. I visit the laundromat once a week machine don't break often so in reality passive is a thing. I am not doing the work which is what makes it passive for me. At another laundromat I have the doors open and close on timers, no attendant I visit once a week for collections and cleaning that semi-passive.
tripple net leases are passive.