J
Joe Ebanks
3
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2
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012
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Aug 18, 2026
Joe Ebanks on Turning an Accidental Laundromat Purchase Into a Growing Business
1:30
1:47
1:55
2:04

Matt DeWolfHOST
So let's, let's dive in, shall we? The first question that everybody always wants to know, right, is how, how in the world did you end up in laundry? By accident.

Joe EbanksGUEST
I was actually trying to negotiate a deal with a lady to buy her house for like months.

Joe EbanksGUEST
But over that time period, through texts and conversations, we built a great rapport, like super cool.

Joe EbanksGUEST
So at the end of the day, she ended up, it was a difference of like $5,000 or $10,000 that I didn't feel comfortable paying her after underwriting the deal, so she sold it to someone else.
25 MINS LATER
Joe Ebanks on Turning an Accidental Laundromat Purchase Into a Growing Business
1:47
1:55
2:04

Joe EbanksGUEST
I was actually trying to negotiate a deal with a lady to buy her house for like months.

Joe EbanksGUEST
But over that time period, through text and conversation, we built a great rapport, like super cool.

Joe EbanksGUEST
So at the end of the day, it was a difference of like $5,000 or $10,000 that I didn't feel comfortable paying her after underwriting the deal.
25 MINS LATER
How to Buy a Laundromat With Owner Financing and Build Daily Cash Flow
11:35
12:02
18:55
S
11:19speaker_1ADVERTISER
Go to investormachine.com to learn more, and schedule a call with our team today.

Joe EbanksGUEST
Right now, because of what happened in our market here in, in Tampa and just up the whole 27 mile stretch from, from Clearwater all the way to St. Pete Beach, there's just so much opportunity right now because a lot of these people have cut bait and left their houses abandoned or they have-- and this is just for me in my market here in Florida.

Joe EbanksGUEST
They just want to get rid of them because now they're a headache ever since the hu- the 100-year flood that we had here from that hurricane And me as an investor, I saw that as a huge opportunity because, yes, we have new guidelines to put in place.
7 MINS LATER

Scott BurseyHOST
And Joe, given the volatility in development, what is the most important metric you analyze before pulling the trigger on a new acquisition?