Learn from a true "Value Investor" how to increase your portfolio of assets while avoiding some of those taxable gains! Follow along as Dave "Laundromat Millionaire" Menz and his wife, Carla, discuss investment strategies with Real Estate Investor, Agent, and fellow Laundromat Owner Jesse Denton. Discover how to use a 1031 Exchange to your advantage and how to truly determine the value of a potential investment. Also, learn about his laundromat journey and his advice towards creating an amazing customer experience while striving to Elevate Our Industry!Referenced Links: The Laundromat Millionaire Conference: www.laundromatmillionaire/conferenceH-M Company Drain Troughs: https://draintroughs.comLink to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”Contact Mike directly: [email protected] guest’s Website: www.wishywashylaundry.comOur guest’s Email: [email protected] Our guest’s Facebook: https://www.facebook.com/Wishy-Washy-Laundromat-102362395454063/Our website: www.laundromatmillionaire.com Our Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.happynest.com/locations/ohio/cincinnatiLaundromat Resource: https://laundromatresource.com/Coin Laundry Association: www.coinlaundry.orgMike Maloney: https://goldsilver.com/about-mike-maloney/Ken McElroy: https://kenmcelroy.com/Gary Gorman: https://www.corecompass.com/bios/gorman-garyPeter Schiff: https://schiffradio.com/Robert Kiyosaki: www.richdad.comHuebsch Equipment: https://huebsch.com/Rhino Laundry Equipment: https://rhinocommerciallaundryequip.comThe Bernie Madoff Ponzi Scheme by J.D. AlexanderTimestamps:00:00 Laundromat Millionaire Show Intro - Quotes02:02 Jesse's Backstory - Bankruptcy and living in a truck06:30 Learning the Rules of the Money Game10:23 Benefits of a 1031 Exchange13:07 Power of Educating Yourself14:03 Why from California to Idaho?15:52 Learning a New Market17:51 The Flaws in Valuating Assets - US Currency22:00 Educational Resources22:38 What Led him to Laundry Industry24:32 Due Diligence & Mentors27:07 Acquisition - The Power of Persistence28:57 The Renovation31:45 Bringing the Value35:15 Equipment Mix38:53 Store Layout40:42 Reversing Dryers41:35 Pulling from Neighboring Towns43:54 Expanding His Laundromat Empire44:47 Paying It Forward48:05 Networking & Conferences49:34 Contact InfoLearn more about your ad choices. Visit megaphone.fm/adchoices