Brian Boyd
👤 SpeakerAppearances Over Time
Podcast Appearances
They're in there putting their own quarters in.
Well, you have depreciation of the machines, right?
Well, you can expense that in one year under Section 168K.
Well, that's a huge deduction.
And it's a cash business, so you're putting cash in, like, every day into your bank account.
So...
It's a great way to create deductions and passive income.
No, you're absolutely right.
And, you know, just a little bit of a side note here.
I got into real estate through owning a laundromat.
Yeah, I was out turkey hunting one day with a buddy of mine who's a client also.
And he he builds laundromats.
That's his business.
And he owns three of his own.
And we were just walking through a field and we just started chatting about it.
And I was telling him how much I was working.
He's like, look, you need to make money while you sleep so you can have more of a quality of life.
Right.
And so I ended up cashing out my retirement account.
I had a Seth at the time.