433: Simple, Local Cash Flow: Are Laundromats the Ultimate Side Hustle?

Are laundromats "the ultimate side hustle," like my guest Jordan Berry described?

These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show.

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Jordan is a former pastor turned laundromat mogul. Along the way, he's become an advocate for the industry through his website and podcast at LaundromatResource.com.

Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one.

It wasn’t just the income potential that intrigued Jordan. He wanted a business that would generate passive income -- and yield better returns than real estate.

Jordan has been able to achieve both of those things through buying laundromats. 

Tune in to hear:

• why a laundromat makes a great side hustle and investment vehicle
• some of the expensive mistakes to avoid
• where to look for financing and some creative marketing and monetization ideas

Here's a look at the 10 most compelling reasons why owning a laundromat is -- according to Jordan -- “the best investment you can make."

Full show notes