How I Bought a Car Wash With Literally $0
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- เผยแพร่เมื่อ 27 ส.ค. 2024
- FREE, LIVE TRAINING on how to get your 1st carwash or laundromat using the creative financing method so you don't have to get a loan from the bank, get your credit hit or use any of your own money:
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Instagram: / thehannahingram
Tik Tok: / hannah_ingram_
It’s called a SUBJECT 2 take over of the loan
Hi Hannah, I can understand where you’re coming from. I have been working in the real estate industry since I was 18 & I bought my first home at 20 years old. (now 21) Adults have told me in the past I couldn’t do it, but I completely laughed it off and kept moving forward. I am now a real estate investor.
I truly respect your hustle, as one really young individual to another.
I would love to learn your way with the car wash hustle you have going on. Hoping to speak with you soon :) !
I would love to talk to you on your journey on how you were able to buy it at 20. I'm 21 right now, looking to get into my first property creatively and would love to find out how you did that.
Hannah Ingram purchased the car wash for a total price of $1.2 million. The capital structure she used to finance this purchase was as follows:
1. Seller Financing: 16% of the purchase price.
- Amount: $192,000
2. SBA Loan: 84% of the purchase price.
- Amount: $1,008,000
This structure allowed her to buy the car wash with no upfront (which is impossible with this structure" cash by securing the majority of the financing through an SBA loan and negotiating the seller to finance the remaining portion.
This is the research I found so your saying your using the subject to or seller's financing method but this says you only got 16% seller financing and SBA loan for $1,008,000
Is this facts? Hannah?
This is probably in the top 3 most untrue things I’ve ever heard about myself 😂😂 how did I get an SBA loan with no credit history and $2,000 to my name? I’ve made it clear numerous times on numerous platforms that I bought the carwash for $140,000 so you’re about $1,060,000 off. Whoever told you this is a liar.
You also joined in right at the boom of the industry. I worked for Sonny’s for past 7 yrs. Build an express wash as soon as you can. DONT TRUST PREFORMAS.
I owned a gym at one time and that is a great way to make money while you sleep. Don't listen to people when they say it's too saturated.
Hi Hannah, thanks for the informative video. Just one question after watching this, what are the risks if you do a seller financing and take over the business with 0 down payment?
I understand creative financing (usually owner financing without a bank) If you pay John $500 a month (theoretically) and he pays $500 on the bank loan. What’s in it for John? I do appreciate your entrepreneurial spirit although your example didn’t make a lot of sense.
The things is plenty of failed businesses want out. Without someone buying them out they may default on their loan. It does make sense it is just that you do not understand.
@@RadicalChristians2024 Steph. You don’t make much sense either. You sound like one of her friends. Perhaps?
You don't pay John the $500. You pay the bank for John so John doesn't take your money and run. Then you also pay something to John, in addition to paying the bank.
You can’t pay the bank, John is still the main account holder. So you will have to do refinancing under your name
She has a John?
I'm soooo excited for you. Keep going, keep growing, and make money.
Thanks so much!!
I was so excited about buying a laundromat and then I thought oh no, it might be so hard because I'm a woman and I'm 24 years old. then I saw your videos and I was HELL NO! I'll do it!! if she did it, I can do it!.
Yes girl!!! Love it! You got this. 👏🏻 Go after it!!! It’s no longer a “man’s world” 🙌🏻 Can’t wait to see what you accomplish.
i have seen you on a codie sanchez, the only thing that confuses me is how to do seller financing, once i understand how to do it then i can start buying a businesss
very smart move at a young age. you will be a multi-millionaire by the time it would've took you to graduate college. U.T should give you a class to teach on business
Hello, i am 21 years old. I’ve been looking into buying a car wash for about 3 years now. This video was very helpful and motivation for me. Thank you very much, i will be entering your course!
Hannah how can we connect I'm looking for businesses to buy. I look forward to connecting. Thanks
AMAZING>> Glad I came across this incredible opportunity. Thank You Hannah for sharing!!!
Hey Hannah, is there a way I can contact you and message you? I’m 19 and I’m in the same boat you were in and I’m very interested in what you have to say! Thank you so much
Found you on tiktok, found an abandoned car wash in my area on a busy street. I have my EIN but no down payment.
Awesome effort & decision making at such a young age truly inspiring. I own a laundromat & work full time. You will do very well because of the business moves that you are making @ such a young age. Keep up the great work.
My next & last investment will likely be a car wash.
Congratulations.
Thank you so much! Means a lot. Congrats on the laundromat!
I love the sub2 method I was thinking of that too honestly. Love it. Going to try it asap.
love the information I gained just from this video you created !! thanks
One quick question do you think buying a car wash in a state where it snows x amount of months out of the year. would it make sense to buy one? I just had that pop into my head!!
keep up the good work and content!!
The link to your website does not work.
This is what I want to do right now.
Small 2 bay on a busy highway is being neglected. Hoping to get into it
How is that going?
@calebbrown9091 Updates??
Hello Hannah, can you please make a video about how do you operate car wash? do you have to be involved all the time?
Who pays the electric bill and the water bill? How much does that cost? Does your coin machines ever get broken into? Do you have cameras?
Never thought to sublet a business
Man that's a huge risk. What if John isn't paying his note and is pocketing the money and is 6 months from bankruptcy 🤣
That’s why you pay it yourself. You can’t hand the money to someone and expect them to go pay it. You pay it directly to the company/merchant
where is the course?
What made you chose a self service carwash vs automatic or touch less? Are there a lot of repairs with automatic car washes?
24/7 cash flow no employees and auto car washes cost one million bucks Brotha some self services car washes are making 40k a month on there own one employee max
Im 15 and look up you… thank you so much for this information
Thanks buddy 🙏🏼
Got to 5:30 and nothing actually about how to buy a car wash. They did mention that they're selling a course. Not interested in that
Yeah cause I’m not telling you all how to buy one? Lol maybe you should learn how to read before you start commenting.
So you’re telling me.. that someone sold you their carwash.. on a contract that you would pay them for their equity when you could? I’m calling complete bs
Creative financing? Enron would be jealous
Definite BS.
A lot of owners started out just like her. Owner operators, then over time, they don’t have time to deal with it. She takes it over and is responsible for making it profitable
I’ll gladly give you investors contacts that will confirm her story. I’m pretty sure i know who she’s dealt with. It would be almost impossible for a "stranger’ to get a deal like this. She knows "John" and I’m guessing has known "John" for some time. If you ever need help with something, I’ve done chemical, marketing, and servicing with CWSSE. I’m super happy for you! I wish I had that insider info when I first started. But I’m now trying to find investors to build an express, and I run it. As I can make it fully self sufficient.
@@jambajuice2408 “the lady doth protest too much, methinks”
This is literally what people do with home rentals😂 it truly doesn’t seem far off.
I can't get your link to your blueprint to work. Help?
I don't sell the Blueprint anymore! I do free, live trainings once a week instead. The link is there for that if you are interested.
How did you create the passive income website?
Creatify! Great software that I use for everything I do online!
I'm going to use it
People assume other people have success because of luck or having a silver spoon in their mouth. They do this because they feel insecure about their feelings of lack of success.
Pay them no mind.
Fuck them.
Who cares what they think?
Exactly. They’re just showing their insecurities honestly haha
no way thats big
Keep it up Hannah
there are 24/7 car washes? lol news to me
I’d love to learn and work with ya
Kindly mail for guide
Title is "how to buy" and the first 200 seconds have nothing to do with "how to buy". Just omit them
Actually the title is “How I bought” that’s past tense since you seem to struggle with English
@@thehannahingram let them hate Hannah don’t worry 😂they got no brains
Awesome video
I'd love to get some passive income to turn a dream I keep having into a reality.
I want to be a volunteer angel pilot.
Hypothetically if you needed to go somewhere out of state for medical treatment but couldn't afford transportation, you would call up angel pilots and they would setup a flight with me.
I'd fly you there and back free of charge.
A new airplane plus IFR certification would be around $255k.
That sounds awesome!!! Go for it - that’s definitely a dream worth fueling with passive income 👊🏻