The $0 Laundromat: Exposed.

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  • Опубліковано 13 лис 2019
  • Welcome to the Cash Flowing, Coin-Laundry Business: a $0 Laundromat. Let's collect some money. ✅Course Sale: meetkevin.com ⚠️Other Channels⚠️ Market Open Live: / @meetkevinlive ✝️ Podcast: / @meetkevinpodcast 🚨 Meet Kevin Politics: / @meetkevinpolitics 🏠 HouseHack: / @househackhomes
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КОМЕНТАРІ • 1,5 тис.

  • @angelinasepulveda2160
    @angelinasepulveda2160 4 роки тому +607

    You're an inspiration Kevin. Seriously, you make time for your family, and Lauren. Showing that you can "Have it all" I'd love to see a video where you explain how you manage a work -life balance. You obviously work a ton, but you still include your family and seem to have a great relationship. Seems like most people value one or the other, I've had my share of not making time for an s.o. because I'm working all the time, how do you do it? Thanks for the videos and your course is awesome!

    • @MeetKevin
      @MeetKevin  4 роки тому +48

      That’s a good idea!!

    • @johnolmedo4812
      @johnolmedo4812 4 роки тому +12

      I love How humble you are Kevin !! Please stay humble !! This makes your videos 1000x better than your friends ...

    • @cherrytung
      @cherrytung 4 роки тому +4

      Yesss! I’m dying to know how you stay so productive and consistent with all your responsibilities!

    • @themodfather9382
      @themodfather9382 4 роки тому +5

      Yup. Unfortunately we can't all be millionaires, the economy & the world don't work that way.

    • @John-uz5qb
      @John-uz5qb 4 роки тому +4

      the modfather not true!

  • @nicholaswise2630
    @nicholaswise2630 4 роки тому +973

    If I closed my eyes and imagined what a laundromat owner looked like, it would be this guy

  • @ginozacarias2446
    @ginozacarias2446 3 роки тому +48

    My mother worked at a laundromat when we first arrived in the states 20 years ago, I spoke to her a few days ago about what businesses she’d like to open up if given the opportunity and she told me she’d love to open up a laundromat. Now its 4AM and I just got off a 14 hour shift at this meatpacking facility, and I suddenly come across this video. I loved the amount of information you guys provided in this video, can’t wait to talk to my mom about it in the morning. Thank you for the knowledge! God bless.

    • @nicholaschelala4868
      @nicholaschelala4868 3 роки тому

      Cool bro

    • @Rolando510Mota
      @Rolando510Mota 3 роки тому +1

      Feedback what your mom said? 1 month later do you have a laundry mat? I always wanted to buy 1 aswell because the laundry mat basically runs it’s self

    • @valerierivas1619
      @valerierivas1619 2 роки тому

      Hi Gino! I hope you've bought your laundromat!!

    • @pjt3887
      @pjt3887 Рік тому +1

      Hope you know about Danny the laundry King. This is one of his students. Hope you found one and are doing wash and fold. Make money 🤑🤑💰💰

  • @badjubejube4596
    @badjubejube4596 4 роки тому +128

    Graduated highschool in 2009. Worked a dead end job for a few months and saved a bit of money. I went and bought a couple of those quarter vending machines. I would usually place them in break rooms or barbershops( parents would give the kid a quarter to sit in the waiting chair and shut up with the candy). After about 6 months I had built up a small route making about 150$ a month profit.. Started to look at soda and snack machines to expand.. Then had a falling out with the parents who decided I couldnt stay the agreed upon 2 years after graduation and I became homeless and lost it all.... Now i am married with two kids and while still working a dead end warehouse job I have felt the joy of counting the cash from a venture I started and still have the dream. Your videos have kept my inspiration alive. Thank you for your content.

    • @dembatoure1393
      @dembatoure1393 3 роки тому +6

      I pray for your success brother.

    • @adalgissarodriguez7026
      @adalgissarodriguez7026 3 роки тому

      Update?

    • @coachcravens2697
      @coachcravens2697 3 роки тому +4

      I feel man. So many big dreams but working a dead end job to support my daughter

    • @Wadley225
      @Wadley225 2 роки тому +2

      The day you turn 18, your parents can put all your stuff on the curb and tell you to get lost. You should have remembered that and let them win the argument instead of trying to be right. I grew up with someone like that, always wanted to be right and argue with his Dad, and 25+ years later, he is still a loser. Were you working additional jobs in addition to your $150 a month profit vending machines? You should have been.

  • @YoungGrizzly
    @YoungGrizzly 4 роки тому +92

    I have always believed that the business holy trinity would be a single building with a
    1. Liquor Store
    2. Subway
    3. Laundromat
    Every weekend would be a pay day.

    • @Michelle-pn9xt
      @Michelle-pn9xt 4 роки тому +14

      There is nothing holy about a liquor store!

    • @robinabernathy2829
      @robinabernathy2829 4 роки тому +6

      There's actually a business in my city that has this. They aren't all apart of the same business though. Th liquor store is attached to the gas station and the laundromat is located next door to the gas station.

    • @nofurtherwest3474
      @nofurtherwest3474 3 роки тому +11

      I think a laundromat with a coffee shop would be good. Shared seating. And people wait for laundry, so they might likely order a coffee.

    • @jamesross1798
      @jamesross1798 3 роки тому +6

      @@Michelle-pn9xt Well Jesus did turn water into wine

    • @1848432
      @1848432 3 роки тому +4

      The old holy trinity was a
      1.Blockbuster
      2.Little cesears
      3.laundromat

  • @jonnaughton
    @jonnaughton 4 роки тому +20

    My family had a laundromat for several years. One thing about the “Out of order” sign was that Dad used to put a sign on working machines during the quiet months so that he could control what machines were used. It also meant that when the place got broken in to (which it would happen from time to time), not all the machines would be robbed (and broken) as the machines that were ‘out of order’ wouldn’t have coin collectors installed (this is before CCTVs were commonplace).
    Not sure if that’s the case here, but it worked for him.

  • @elizulie
    @elizulie 4 роки тому +614

    "oh its zero dollars, just have a friend with 40k"

    • @codycast
      @codycast 4 роки тому +54

      funkydiscoduck I’ve bought $100m in real estate. I sure has hell didn’t write a check for $100m. Getting loans is part of investing and not something that’s difficult or some “catch”

    • @InvestmentJoy
      @InvestmentJoy 4 роки тому +31

      Doesn't have to be a friend, you just have to know how to write a proposal showing how so. Rome else can benefit for giving you the money

    • @jman7719
      @jman7719 4 роки тому +34

      @@codycast The point is not that he took a loan, it's that he got the downpayment and capital to make improvements from a friend who invested as a partner. It's very difficult to find an investor to put up all the equity and to get the seller to hold the paper on the investment.

    • @jeremias-serus
      @jeremias-serus 4 роки тому +5

      @@jman7719 That's most certainly not the point. It's rather evident that OP just saw the title and thought it was a 0 capital down, money profit machine.

    • @joshs8089
      @joshs8089 4 роки тому +1

      @@codycast How do you make yourself an attractive prospect for someone to lend to? I'm a sole proprietorship, no debt.

  • @ashleyashleym2969
    @ashleyashleym2969 4 роки тому +22

    I seriously hate apartments without their own laundry facilities, one of the most important things to me when I plan on renting a place to live in is that is has its own laundry.

    • @gianthills
      @gianthills Рік тому

      I hate apartment laundry rooms. They never have enough machines and youre always waiting for people to finish. There are way more machines at laundromats and theyre faster and more efficient and about a dollar or so cheaper.

  • @cherrytung
    @cherrytung 4 роки тому +1021

    Graham: I have a $0 Tesla
    *Kevin: hold my laundromat*

    • @gabakusa
      @gabakusa 4 роки тому +2

      Cherry Tung - Finance & Fashion lol

    • @cherrytung
      @cherrytung 4 роки тому +2

      @@gabakusa haha

    • @fathan16
      @fathan16 4 роки тому +1

      @@gabakusa tee-hee

    • @syguzman5739
      @syguzman5739 4 роки тому +3

      @@cherrytung 🤣 You're cute

    • @cherrytung
      @cherrytung 4 роки тому +3

      @@syguzman5739 🤣🤣

  • @richardcontinijr9661
    @richardcontinijr9661 4 роки тому +126

    Anyone that has the knowledge and skills to make a key from a picture would also have the skills to open it in 10 seconds without a key.

    • @coherentpanda7115
      @coherentpanda7115 4 роки тому +20

      LockPickingLawyer would have this place drained in seconds.

    • @FlowtnWitWalden
      @FlowtnWitWalden 4 роки тому +4

      I used to park on the street in downtown Manhattan often. Had various cars broken into several times. No picking going on. You could tell all they did was put a flat-head screw-driver in the key-hole and bang it good with a hammer.

    • @richardcontinijr9661
      @richardcontinijr9661 4 роки тому +5

      @@FlowtnWitWalden Yup down and dirty is quick and simple. My favorite was a spark plug. Watched my boss use it to get into a junker that was locked up. Of course if I did that I'd have a very pissed off customer. Honest truth is when I was working as a locksmith I'd would almost never pick a lock unless I had to. It's almost always quicker to bypass a lock. Got a call from a woman who locked herself out of her house once. Usually it's $95 to get in. Whoever built the house was a complete idiot, one of the worst jobs I've seen in door fitment. I slipped the latch in less than a second. She was shocked. Once I explained why I was able to get in so fast she had me go through the whole place and fix 4 exterior doors and 15 interior doors. Ain't nobody getting in there without either a key, picking pins, or destructive entry.

    • @MrBottlecapBill
      @MrBottlecapBill 4 роки тому +4

      @@richardcontinijr9661 Oddy enough some dude just butchered the laundry machines in my apartment building to get the coins. He got in........a young cop ran him down. Now he's in jail. Again. It's really easy to get into these things. He just pried them open with a small crowbar like they weren't even locked. Of course the machines need new drawers and locks now. Not cheap.

    • @sharonpodorski4687
      @sharonpodorski4687 4 роки тому +2

      We own 3 use to own 6 it isn't easy like they say. 24hrs of care ,people calling,robbery, break ins a d tearing up equipment.
      These asses showing money on utube put all us owners in danger. I am going to try to get this off

  • @MrBLAA
    @MrBLAA 4 роки тому +240

    I called up some investors, and said: "Hey, would y'all like to purchase a business capable of -laundering- -money- washing clothes?"😉

    • @chaseo4557
      @chaseo4557 4 роки тому +22

      SC Fulmer honestly lol. It seems that way. All I took away from him was he knows someone that needs to hide money and he knows people that will work for free

    • @crowley_offcl
      @crowley_offcl 4 роки тому +7

      Facts...The only people who buy laundry mats are people who need to make sense of cash and guys who look like that...Makes me wonder, what do they got going on in Ohio??

    • @jennymagnit4810
      @jennymagnit4810 3 роки тому +5

      @@crowley_offcl if you watch Brandon channel you'll see your misjudging him

  • @MeetKevin
    @MeetKevin  4 роки тому +287

    I flew to Ohio to checkout Brandon's laundromat and report back to you -- where should I go next?

    • @ZachSwena
      @ZachSwena 4 роки тому +15

      I am glad someone finally mentioned the key copying. I was afraid to mention it...

    • @mikhailtal6449
      @mikhailtal6449 4 роки тому +4

      Storage

    • @ChrisTheCentaur
      @ChrisTheCentaur 4 роки тому +3

      New York

    • @NotShowingOff
      @NotShowingOff 4 роки тому +5

      Custodial businesses are good. ATM business owners. How about Tesla owners that rent out Teslas. Self published authors. The list goes on.

    • @bkfromtherockies
      @bkfromtherockies 4 роки тому +5

      Funny that you went to a laundromat and discussed needing repairmen. There's a great guy named Mike Sneed of Sneed Appliance Repair in Clayton, North Carolina (callsneed.com/Home.aspx) and the Appliance Boot Camp UA-cam Channel (ua-cam.com/channels/lDhN_npSkbGmPBEowIfj9g.html) that trains people in appliance repair. If you feel like discussing how to run and maintain a laundromat, hit up Mike (callsneednow@gmail.com
      ). BK

  • @cleanestmanonearth5762
    @cleanestmanonearth5762 4 роки тому +13

    Awesome video to watch! Very inspiring, I'm in the dry-cleaning business with a few stores and I'm now thinking about opening a laundromat. I would love to have a business where I don't have to go through HELL dealing with staff. Keep up the good work Kevin!

  • @itschowderrr
    @itschowderrr 3 роки тому +37

    This guy really said he's only done laundry like 3 times in his adult life.

  • @alphamuplays1669
    @alphamuplays1669 4 роки тому +314

    wow literally JUST started watching this guys videos and than kevin heads out and talks to the guy

  • @FollowingKeenan
    @FollowingKeenan 4 роки тому +57

    I have 3 laundromats, sold my single family houses (30). Never looked back. To this day I also have not paid one dollar for the laundromat. If you can fix the machines and are handy, best buisness ever. Great video!

    • @SergioB-MakingMillionaires
      @SergioB-MakingMillionaires 4 роки тому +6

      Interesting...could you go into more detail

    • @FollowingKeenan
      @FollowingKeenan 4 роки тому +19

      @@SergioB-MakingMillionaires I look for a run down business in a good to great location. Then I'm able to low ball offer. Laundromats are great because most dont keep track of income. Hard for them to show a income statement. Unlike this Ohio place my places pull in 3 to 5grand a week. I spent the first few years of my real estate career paying off properties. Then I use the paid places as collateral for the down stroke. Hence no money, I have a 1mil line of credit at bank. You can also refinance once fixed up pull you money back out, if you find Meet Kevin's wedge type property. I plan on posting some videos of my mats next week., I'll go more in detail. That why I love Meet Kevin he gives spot on advise. Some of this stuff took me years to learn. I really dislike the guru that misleading young people like you astray.

    • @50rads
      @50rads 4 роки тому +3

      Following Keenan ! Holy shit dude lol that’s amazing. I’m 22 and I want to get into the real estate biz to make millions, in currently working toward Executive Protection, so I can make some big boy money to fund my real estate biz. Im a big guy taking jiu jitsu, so soon I’ll be able to taste the sweet life 😉

    • @LAC32Griffin
      @LAC32Griffin 4 роки тому +7

      3-5k per week in quarters...idk man I’m calling bs on that one

    • @FollowingKeenan
      @FollowingKeenan 4 роки тому +10

      @@LAC32Griffin I know it's crazy that why I got out of the little houses. How about in my next laundromat video I'll show my tax return for last year. Heck I spent around 65,000 last year in just utilities for the laundromats.
      Laundromats , carwashes , and mini storages are all dependent on the location. So that can effect profit greatly.

  • @larrysinger9359
    @larrysinger9359 4 роки тому +373

    OK, I own two laundromat. Passive income is BS. Keeping these machines clean, your storefront clean, keeping machines running, is not passive. I haul in 10x what this dude pulled in, but I will never in a million years call it passive. And get a coin scale. I can weigh $500 in quarters in 5 seconds. And the machines in this video are old & inefficient. The storefront could use a lot of cleaning also.

    • @roundedges2
      @roundedges2 4 роки тому +33

      I think you could get paid as a Laundermat guru. You’re welcome. Don’t send me my commission in quarters, tho. And kudos to you btw.

    • @LiLBitsDK
      @LiLBitsDK 4 роки тому +33

      he has a person clean the store front and he does the little maintenance he need to do himself or has his brothers company fix the machines... and he makes way more money on UA-cam with his coin counter than YOU do with your 5 second bucket ;-) he just made a video recently and I think it was somewhere around $30.000 from UA-cam counting his quarters... so do you think he has interest in changing to a "no fun bucket weight"?

    • @NatashaRaisorGlam
      @NatashaRaisorGlam 4 роки тому +7

      Larry Singer Thank you for sharing.

    • @LiLBitsDK
      @LiLBitsDK 4 роки тому +8

      @starshipeleven guess you are as clueless as you seem, maybe watch the video I told you about instead ;-) and he is not the only one I know about that makes a healthy load on YT

    • @reanimaniact3263
      @reanimaniact3263 4 роки тому +3

      Jesper Andersen yeah I'd have to agree I don't see that business being successful long term... ESPECIALLY Not if you don't wanna invest anything yourself. He'll make money of youtube but you do that with anything that racks off views (say for examples I make a lemonade stand. And post it to youtube it get millions of views I'll be making money for thst stand but not from the actual stand itself.. I just don't see this guy's laundry mat being good

  • @johncitizen6791
    @johncitizen6791 4 роки тому +7

    Blows my mind, seeing you 2 together. Great job guys.

  • @ca11medeemoney
    @ca11medeemoney 4 роки тому +87

    My father owns a laundromat in California and there are some things that we have learned along the way. Look for a used laundromat that you can catch a deal on buying new is very expensive and the machines will have issues usually right as the warranty is up. Less is sometimes more, yes more machines will gross higher sales but the water and gas bills get expensive especially in CA "the use of dryers actually lose money", also the additional cost for maintenance for the repairs of more machines really adds up. Unless you yourself plan on being at the laundromat all the time you need an employee there constantly, crime and vandalism will get out of control if not. Also ourselves as well as other laundromats in the area have noticed decreased retention rate of customers, there could be a lot of factors, but I personally believe that people having the ability to buy used washers and dryers from online marketplaces for basically the price of what it costs to do laundry for a family for a month at a Laundromat. All in all trying to run a business like this in California is not easy, it has been a lot of sweat, pain, and tears and he has been making a small profit on a monthly basis, but his Business Loan will be paid off early next year and it will be well worth it.

    • @MeetKevin
      @MeetKevin  4 роки тому +5

      Where in Cali?

    • @ca11medeemoney
      @ca11medeemoney 4 роки тому +4

      @@MeetKevin Rialto

    • @MeetKevin
      @MeetKevin  4 роки тому +22

      Could make for an interesting video!

    • @ForeverDiamonds123
      @ForeverDiamonds123 4 роки тому +4

      Meet Kevin id love to see this happen. Daniel, please collaborate with Kevin :)

    • @RaudiRo55
      @RaudiRo55 4 роки тому +2

      Yes, make the video in Rialto. It could be done in one day Kevin. Leave Ventura in the am you could be back in town for dinner.

  • @flgator12
    @flgator12 4 роки тому +5

    This is hands down the best channel on UA-cam and I always watch til the end bc that song is a bop

  • @markgaterbondifinancialguy3885
    @markgaterbondifinancialguy3885 4 роки тому +12

    Haha good timing on this.
    I have 11 airbnbs and the laundry expenses are crazy, was just talking to a business broker yesterday about a laundromat that's for sale in the area, then this video gets posted.

  • @cciphotos
    @cciphotos 4 роки тому +4

    Kevin, your content and videos have been so informative and great lately! Keep up the awesome work!

  • @casewhite5048
    @casewhite5048 4 роки тому +492

    4 dislikes from people who can't make keys now

    • @JG-tt4sz
      @JG-tt4sz 4 роки тому +8

      Or 4 people who don't own their own washing machine.

    • @Joshua_Henderson
      @Joshua_Henderson 4 роки тому +8

      If they had just kept watching, they would've learned that they can just make cardboard quarters now instead lol

    • @casewhite5048
      @casewhite5048 4 роки тому +2

      @@Joshua_Henderson surprised that would work

    • @chaseriderthetruthchaser5988
      @chaseriderthetruthchaser5988 4 роки тому +2

      Lol, those crooks 🤭

    • @tsmith3887
      @tsmith3887 4 роки тому +3

      It's so crazy people really do that!

  • @ivanov568
    @ivanov568 4 роки тому +180

    Gotta watch those leather jacket guys, they're hustlers lol

    • @akllls617
      @akllls617 4 роки тому +1

      Ivan yeah they are 😂😂😭😭

    • @04dram04
      @04dram04 4 роки тому +14

      Yea, he looks like so many scammers I have met

    • @BUTTA170
      @BUTTA170 4 роки тому

      Ivan Gurrola facts

    • @zacharyward3123
      @zacharyward3123 3 роки тому

      @@04dram04 both legit businessmen.

  • @BS0821
    @BS0821 4 роки тому +16

    When I started my career in accounting I worked for a CPA firm in Manhattan. One of our biggest clients was a guy that started with one coin-op laundromat, eventually worked his way up to a bunch of them, sold off that business and started a hugely successful hedge fund. (Obv this is the cliff notes version).

  • @ozc3731
    @ozc3731 4 роки тому +38

    The laundromat I use to go to used cards for the machines. Deposit money in one machine and get rid of the time it takes to get all the quarters!

    • @syguzman5739
      @syguzman5739 4 роки тому +12

      The laundromat by LAX uses cards, too. I guess it's a security from people busting into the quarters.

    • @michaelsasylum
      @michaelsasylum 4 роки тому +6

      Card laundries don't do well in certain markets, plus there's a lot of fraud with those cards.

    • @thyslop1737
      @thyslop1737 4 роки тому +4

      His machines are too old to convert to cards except for three washers I saw.

  • @cynthiat1683
    @cynthiat1683 3 роки тому +1

    I'm glad that you brought up the thing about people making physical keys from photos. A LOT of people are unaware it's a thing.

  • @mimi305
    @mimi305 4 роки тому +7

    That's cool you watch his channel, I came across Brandon's channel a few months back and it's been a joy.

  • @rogue_KC
    @rogue_KC 4 роки тому +21

    I was literally looking at a laundromat business a few weeks ago. A friend of mine is making 12k a month absolute passive income. The cap it takes to get going is insane but this video gives me hope. This is recession proof

    • @strawberriesncandii
      @strawberriesncandii 4 роки тому +1

      Keithtric Cottrell Is this before of after all the bills are paid like rent, electricity, water and such?

    • @ecclairmayo4153
      @ecclairmayo4153 3 роки тому +3

      What about now, since COVID?

  • @GMBOB12
    @GMBOB12 4 роки тому +13

    "just have a friend with 40k" I need one of them.

  • @neemaborji9993
    @neemaborji9993 4 роки тому +1

    This is awesome. I love both of your channels!

  • @cilldogg2623
    @cilldogg2623 4 роки тому +102

    You remind me of a real estate Ryan Reynolds and it’s freaking me out maaaan

  • @marshallallied
    @marshallallied 4 роки тому +4

    As a Laundromat owner/operator. I have to tell EVERYONE that a Laundromat is FAR from PASSIVE. There is a whole hell of a lot to running a laundromat than collecting the coins. Believe me!

    • @royreynolds108
      @royreynolds108 4 роки тому

      Absolutely. I have a 1200 sf bldg with 11 washers and 6 driers. I am having to do some major renovations from vandalism but before that the store was running a profit.

  • @Aaron_R
    @Aaron_R 4 роки тому +4

    You dressed correctly; the weather in Ohio is usually that cold late December, January and February. November, October, and March and April are usually 40-50 for highs and 30-40 for low. It was just really cold for November. However it does snow sometimes in October and the latest I've seen is Memorial Day weekend in May. Those are once in a lifetime though.

  • @matias4465
    @matias4465 4 роки тому

    yooo kevin, this quarantine i'm learning a lot!!! all thanks to you Love and support from barcelona, we are lockdown since 30 days and the government is telling us to keep like this until mid-june. good luck in america with the massive debt. and dont stop making videos!! cheers

  • @bryanmartin328
    @bryanmartin328 4 роки тому +1

    I love Investment Joy. What a great channel. Collecting and counting money is oddly satisfying!

  • @matheuscavalheiro88
    @matheuscavalheiro88 3 роки тому +3

    I find it amazing how there are people that still use this kind of service. It would work only in big major cities in my point of view.

  • @TommyBryson
    @TommyBryson 4 роки тому +30

    Great Video 😎

  • @JonsDailyHustle
    @JonsDailyHustle 4 роки тому +1

    Love seeing videos like this. I'm hoping to open up a laundromat in the future, I love side hustles that can be somewhat passive

  • @Tubocass
    @Tubocass 4 роки тому +2

    These interview episodes with other investors are always great.

  • @mattlucas1956
    @mattlucas1956 4 роки тому +4

    I watch the other channel as well and it was pretty Kool you doing a behind the scenes and asking him extremely important questions that makes and average Joe wanna go out and and start hustling....

  • @SteveRam
    @SteveRam 4 роки тому +9

    I bet he’s really “cleaning up”; practically “laundering” money!
    😂😂😂 I couldn’t help myself.
    Dad jokes done I promise.

  • @KonamiGames
    @KonamiGames 4 роки тому +1

    Very insightful & different!! Thanks Kevin!!

  • @johnny1xp772
    @johnny1xp772 4 роки тому

    He has been on my recommended for the last week and glad you made a video about this!

  • @lostintime8651
    @lostintime8651 4 роки тому +6

    1:40 FYI Kevin, actually the cleanest toilet in a restroom is the first one. It's used less because most people go to the last one for more privacy.

    • @kristinatidwell6563
      @kristinatidwell6563 3 роки тому +1

      @LagiNaLangAko23 I typically take bleach wipes in my purse when I go shopping and I clean up the mess around me before I leave the bathroom. I wash my hands too.

  • @krystalwilliams7944
    @krystalwilliams7944 4 роки тому +5

    I wonder how his business is doing with this going on😔Learned a lot from this video!! Thank you 🙏🏽

    • @ecclairmayo4153
      @ecclairmayo4153 3 роки тому +1

      This is what I was thinking too. I recently saw a lot of laundromats for sale. Much more than what is usually on the market.

  • @gabrielgarsea2345
    @gabrielgarsea2345 4 роки тому

    Been looking at ur videos after seeing Stephen G videos. Love the quality content, Great info & personality.

  • @techbydrew
    @techbydrew 4 роки тому +1

    Yooooo!! I just found that guy last week and now your making a video about him! Awesome!

  • @wolfofdubai
    @wolfofdubai 4 роки тому +115

    Meet up between Kevin & Graham:
    Graham: you want to try my $0.20 iced coffee?
    *Kevin: No, I have $0 mine*

    • @benflippin5070
      @benflippin5070 4 роки тому +3

      Wolf of Dubai Stocks Investing Channel It’s just simply not funny when there is incorrect English used.

    • @dizzitube84
      @dizzitube84 4 роки тому +1

      @@benflippin5070 fix your sentence first, then.

    • @benflippin5070
      @benflippin5070 4 роки тому

      dizzitube84 Where’s the error?

    • @dizzitube84
      @dizzitube84 4 роки тому +1

      @@benflippin5070 figure it out, asshole. You are the syntax critic.

    • @benflippin5070
      @benflippin5070 4 роки тому

      dizzitube84 Says the idiot who doesn’t capitalize the first word of his sentences.

  • @sammietennessee179
    @sammietennessee179 4 роки тому +21

    I do taxes and I am so glad you explained about how cheating on taxes can hurt you, more than help!

    • @MeetKevin
      @MeetKevin  4 роки тому +2

      Agreed!

    • @guerillachan20
      @guerillachan20 4 роки тому

      @DaToNyOyO i agree taxman only finds out if u report dude other then that IRS is grateful just to have you pay anything.

  • @jamieround2072
    @jamieround2072 4 роки тому +1

    @ 16 02 or so i always wonder'd how the machine read the quarter's ( inferred light beam ) haaaa intrigging to know this...... SO DO U KNOW IF THERE'S A WAY TO UP-GRADE THE LIGHT BEAM SO IT NO MIS-READ COIN'S............???????

  • @tomholder7432
    @tomholder7432 4 роки тому +1

    how can anyone dislike this.....smh , kevin you gonna help me actually not be poor any more...love ya energy and ya go getter attitude man.

  • @syguzman5739
    @syguzman5739 4 роки тому +151

    I'm just commenting to boost the channel's algorithm 🤣

  • @TheAvataroo
    @TheAvataroo 4 роки тому +4

    I love that "screw it, let's just jump in" mentality. But it also terrifies me, even when i have the numbers that tell me, yea this makes sense. The hardest part is going to other people for help or hard money. I have a hard time asking someone to lend me $20 bucks, let alone $20k. I know I'll probably get it, but I feel like i don't deserve it.

    • @WJWeber
      @WJWeber 2 роки тому

      I gotta say. If you actually ask. That is literally you thinking you deserve it already

  • @Turkoblood
    @Turkoblood 4 роки тому +2

    Lmaooo romantic music, slow motion pulling coins in to the bucket!

  • @tubeRaleigh
    @tubeRaleigh 4 роки тому

    Thanks for the information!

  • @kickandblock
    @kickandblock 4 роки тому +37

    Here in Illinois it’s about $8 a load, I’m sure they’re laughing to the bank

    • @syguzman5739
      @syguzman5739 4 роки тому +2

      Are you in Cook County?

    • @briansierzega
      @briansierzega 4 роки тому +16

      *Crook County
      (lived here in Chicago my entire life)

    • @syguzman5739
      @syguzman5739 4 роки тому +4

      @@briansierzega 🤣 You can buy the judges if you've got the money!

    • @briansierzega
      @briansierzega 4 роки тому +2

      Sy Guzman Ha! Right!? I hope to never be in any position, good or bad, to have to pay off a judge! But that’s just me...lol

    • @royreynolds108
      @royreynolds108 4 роки тому +1

      A lot has to do with the cost of utilities-water/sewer, electricity, and gas plus taxes. I have a laundromat and our water bill in our town basically doubled the base rate in about one year. I am in northeast Texas area.

  • @Tacticalgearhead
    @Tacticalgearhead 4 роки тому +3

    I love videos like this Kevin. I always like it when the good, down-to-earth people share their slice of life videos.

  • @LaundromatMillionaire
    @LaundromatMillionaire 3 роки тому

    Great video Kevin. I appreciate your and Investment Joy's desire to teach, help, and inspire, I'm the exact same and feel we need more of this in the world. Good for you both.

  • @mazeikateam4527
    @mazeikateam4527 4 роки тому

    Great content as always Kevin!
    You’ve inspired me to build great content on my channel
    😎👍

  • @anticapitalize
    @anticapitalize 4 роки тому +31

    Wouldn't bother to make a key out of a picture when it would take me 30 seconds to pick that lock

    • @AJ42069
      @AJ42069 4 роки тому +8

      For some small crack change too 🤣 no one is going to bother traveling to this location for $2.75 off one machine 🤣

  • @robertjhilliard2403
    @robertjhilliard2403 4 роки тому +6

    Back in the 80s I was asked by an owner t help empty machines an it took 2 grown men to carry full boxes of quarters lesson learned 😋

  • @NunYaO
    @NunYaO 4 роки тому +1

    It's so cool that you pay attention to investors like Brandon! I've been following his channel since he got the trailer park...mainly because I'm interested in similar but I've been concerned about the problems that are stereotypical of, well, trailer parks.

  • @thewongmindset451
    @thewongmindset451 4 роки тому +2

    All about solving problems.....agree you gotta be willing to do Anything to succeed. Nothing is too much "hassle"

  • @NickPeitsch
    @NickPeitsch 4 роки тому +79

    This guy is KILLING the UA-cam algorithm.
    Not to mention the $8k in coins he gets regularly 😂

    • @blancomike7361
      @blancomike7361 3 роки тому

      I did the math, it looks like 2,130$ a month

  • @ArlenBrackovic
    @ArlenBrackovic 4 роки тому +38

    I love how murica people always says 0$ something something. And it's just other people money, not yours.

    • @od4407
      @od4407 4 роки тому +14

      Is that too complex of an idea for your non American mind??

    • @carziemke6128
      @carziemke6128 4 роки тому +2

      Murica people? The only kind

  • @mac23806
    @mac23806 4 роки тому

    Thanks Kevin this. A really good motivational video.

  • @Vatchg
    @Vatchg 3 роки тому +1

    After owning laundromats for over 11 years... You do not count money in front of people

  • @CrimsonTheOriginal
    @CrimsonTheOriginal 4 роки тому +11

    YES I knew this was coming when I saw the Ohio Video! so excited for this

  • @ChaosElohim
    @ChaosElohim 3 роки тому +8

    Hi Kevin, I would be curious to know how this guy is doing in a recession/National Coin crisis, would you make a video on it?

    • @InvestmentJoy
      @InvestmentJoy 3 роки тому +3

      I'm told i'm the reason for thet shortage

  • @visionaryapril_art
    @visionaryapril_art 4 роки тому

    Love this video so helpful

  • @traceylomax2156
    @traceylomax2156 3 роки тому

    You guys have some great tips, really great. “ it’s all about hustling “

  • @joshuagolembiewski5383
    @joshuagolembiewski5383 4 роки тому +13

    Kevin, seeing as you’re stepping out of just real estate, go check out someone doing a micro greens business. I’ve seen videos of people on an acre or less pulling in $300K+ a year.

    • @MeetKevin
      @MeetKevin  4 роки тому +2

      What’s micro greens

    • @joshuagolembiewski5383
      @joshuagolembiewski5383 4 роки тому +2

      As in veggies and herbs that are small in volume and grow quickly.

    • @joshuagolembiewski5383
      @joshuagolembiewski5383 4 роки тому +2

      Look up on UA-cam “$10,000 a month growing micro greens in a basement!”

    • @BASEDinMaine
      @BASEDinMaine 4 роки тому +2

      @@MeetKevin micro greens are simply a step beyond sprouts...you take lettuce and leafy green seeds, germinate them in shallow trays til they begin to develop some chlorophyll and leaves, then you sell them to markets & restaurants.
      They are rapidly grown and harvested within days, rather than a fully mature lettuce. You dont need soil and can grow in confined and vertical setups.
      I have a few of those videos on successful growers saved to watch later but i dont know 1st hand how well people usually do.

  • @trojanette8345
    @trojanette8345 4 роки тому +40

    ...still don't understand how he's making a profit when he's still approx 40k in debt for loans that he has yet to pay back.

    • @rickbalderas4033
      @rickbalderas4033 4 роки тому +10

      You don't have to pay back debt as of 2020 I heard

    • @dylanr12player
      @dylanr12player 4 роки тому +19

      The laundromat is making more than his payments are for the debt. He just profits what's left while also paying down the loan.

    • @coherentpanda7115
      @coherentpanda7115 4 роки тому +10

      The 2nd floor apartments basically make the payments for him.

    • @kameljoe21
      @kameljoe21 4 роки тому +13

      Its not 40k its 110k, 15k down payment 25k rehab and 70k financed from previous owners. If he pulls in 3k per month in profit it will take him 4 years to pay off the princable and another few years to pay off the interest. Its a 10 year investment....

    • @codycast
      @codycast 4 роки тому +4

      Trojanette83 he’s praying that we elect a socialist and his debt magically goes away

  • @r.msphonics7201
    @r.msphonics7201 4 роки тому

    this was so informative! i have always wanted to own a laundromat and this was most helpful!!

  • @mrwillham5393
    @mrwillham5393 3 роки тому +1

    love how this man.. this man right here. got the actual greatest joy.. from simply taking quarters out of washing machines. That right there.. thats hilarious and awesome

  • @chasedavidson2855
    @chasedavidson2855 4 роки тому +11

    Literally watched this guys videos like a week or two ago

    • @asxnkmb
      @asxnkmb 4 роки тому +1

      Same. Place look familiar when Kevin enters.

  • @luisrobles5906
    @luisrobles5906 4 роки тому +7

    I feel like I've seen a video with this same laundromat before.

  • @Sellingtheberkshires
    @Sellingtheberkshires 4 роки тому +2

    Love how there is a $10,000 reward for Micheal Saylor on the whiteboard in the back lol

  • @russlea6383
    @russlea6383 4 роки тому +14

    This episode of "Meet Kevin' has been brought to you by Menards.

  • @Tallin420
    @Tallin420 4 роки тому +16

    ALL respect was lost for this tool when he said at his age he's never had to do laundry in his entire adult life...

    • @dizzitube84
      @dizzitube84 4 роки тому +1

      You two beta male dorks can't imagine a nuclear family.

    • @od4407
      @od4407 4 роки тому

      @@dizzitube84 that's ok they hate themselves so only hate on successful people

  • @profitusmaximus4647
    @profitusmaximus4647 4 роки тому

    Thanks for giving the insights. Especially for telling the benefits of not cheating on taxes. Would like to learn more about it.

  • @grandcatsmama3421
    @grandcatsmama3421 4 роки тому +1

    You guys sound as if you are really good landlords, I know because I've had slumlords who just want the money and don't care at all about the tenants. My husband was disabled and we couldn't get a lift next to the steps so that it was hard work getting him in and out on a regular basis. Thank you for understanding tenants problems.

  • @williamkatcher2469
    @williamkatcher2469 4 роки тому +13

    I don't know. There didn't seem to be that many quarters in there when you have to factor in rent, electric, maintenance and equipment replacement, water bills, insurance, interest from the loans, taxes, etc. Even if you make a profit from this, it seems far from passive investment income.

    • @privacyplease5164
      @privacyplease5164 4 роки тому +4

      he collects every three days, he also didnt collect vending or the soap machine and such, he only did the washers far as i could tell

    • @FinMcMurder
      @FinMcMurder 4 роки тому +3

      And if you listened in on how it's one of his fav write-offs you'd understand he's steady winning

  • @karenmbbaxter
    @karenmbbaxter 4 роки тому +3

    Our laundromats now take card. It saves on people stealing coins all the time.

    • @kameljoe21
      @kameljoe21 4 роки тому

      How much do you spend a month , 100 bucks.. does the place you live have washer and dryer hooks up, If so, scrape together a couple hundred bucks and buy a used set on market place. If it does not then search for another place that does and increase your rent by the amount you spend per month. You are better off saving money than spending tons of money over your life to a business that is in it to rip you off. Put it this way if you spend 1k per year washing clothes at a mat in 30 years you would have spent 30k in laundry or you could have saved the same amount about buy your own place.
      This also may work for a place with no hook ups... If you do not have hook ups then this is only 140 bucks off amazon....
      Portable Washing Machine TG23 - Twin Tub Washer Machine with Wash and
      Spin Cycle Compartments by ThinkGizmos

  • @erlinafelipes9726
    @erlinafelipes9726 3 роки тому

    Thank you given me so much inspiration God bless you

  • @carolineclough5746
    @carolineclough5746 4 роки тому

    Hi Lauren. I just watched your video( Watched yours yesterday too) I saw you just say to you are so precious my darling you and your family are just adorable I have to tell you I just love you all... I started watching Kevin first when I first started staying home orders From the governor I really enjoy your information I love how you deliver it because I Agree with you hopefully something good will come from all this and I was laid off my job in March at a hotel and I’m going back next week it’s very slow no customers at all it’s just hard to say what’s gonna happen next I’m gonna keep up with you and Kevin and thank you so much this is Caroline ❤️ I look forward to seeing you in the next video

  • @ledarmband
    @ledarmband 4 роки тому +12

    Cool mindset by helping each other in the same community instead squeeze someone

    • @kameljoe21
      @kameljoe21 4 роки тому

      Helping, Not really, More like ripping them off. The cost of doing laundry at a place like this will cost you well over 1k per year when you can buy a nice used set for way less than 300 bucks.
      The days of laundry mats are coming to a close. As prices of units are way cheaper.

    • @spatdog7
      @spatdog7 4 роки тому

      @@kameljoe21 there's a lot of people who rent. A lot of Rentals dont have machines included, or machine hookups. A lot of apartments dont have laundry services. Laundromats will still be around for a while.

    • @kameljoe21
      @kameljoe21 4 роки тому

      @@spatdog7 That is not 100% true, All new rentals and even a huge amount of them have hooks ups.
      Even your dirt cheap trailer houses have hook ups from the 60s and 70s. Yet you say rentals do not include machines. Like I said you can get used units for pretty cheap. Even if you do not have hook ups there are a huge line of portable washers and dryers today. Dryers as low as 200 bucks and washers for as low as 100 bucks, I good set might run you 4 to 500 bucks for a small apartment.
      Making up excuses to pay a laundry mat and keep you poor is the only reason why people are still poor.
      Laundry mats are designed to profit from your inability to think smart, The same goes with those who shop at the dollar store.
      Get out of your bubble and do some damn research and see how much you can save buy investing a small amount in to your own washer and dryer. It only takes seeing the savings to make that leap to get a set.

  • @tenplus1025
    @tenplus1025 4 роки тому +4

    Dude you are a badass 😂 Salt of the Earth bro!

  • @tonymccomis3804
    @tonymccomis3804 4 роки тому

    Hey brandon great video. And kevin awesome job

  • @BarryObaminable
    @BarryObaminable 3 роки тому +1

    I used to do this for newspapers. No.. it never got old to walk up with a key and dump 20 bux in a bucket.

  • @blakewebster3362
    @blakewebster3362 4 роки тому +8

    Loved the video, very informative. I’m a bit of a perfectionist so I just noticed you kept looking at the camera when talking to the guy and it just made the video feel a little less connected, like if you guys were just talking like a normal conversation and we were a fly on the wall I’d love that until you ask a question or make a point to the audience. Great video again just something I noticed being anal retentive😂😂

  • @SeeUsFly
    @SeeUsFly 4 роки тому +4

    I always liked the idea of owning vending machines. Ka-ching!

  • @PRETTYGIRLLOUNGE
    @PRETTYGIRLLOUNGE 4 роки тому

    Kevin your AWESOME, thanks for this information

  • @Nocturna71
    @Nocturna71 3 роки тому +1

    Informative video. Definitely reaffirms my interest in investing in laundromats.

  • @Josh1888USU
    @Josh1888USU 4 роки тому +28

    "I'm not above doing any work myself" but "I have only done about 3 three loads of laundry in my adult life".

    • @nslouka90
      @nslouka90 4 роки тому

      That mid-west sense of humor

    • @Josh1888USU
      @Josh1888USU 4 роки тому

      @@Michelle-pn9xt These " ", are quotation marks. I was quoting what was said in the video, watch the video and you should get it.

  • @jesussalazar9181
    @jesussalazar9181 4 роки тому +3

    When did Ryan Reynolds own His own laundry mat

  • @levi7187
    @levi7187 3 роки тому

    Love this video!

  • @livinwithlt
    @livinwithlt 4 роки тому

    Great video. I am definitely inspired now 🤙🏽

  • @marcmiller722
    @marcmiller722 4 роки тому +6

    Everything was good until the owner talked lol