Real Estate With a Cash Register: Why Laundromats Belong in Your Portfolio

Jordan Berry of Laundromat Resource breaks down why laundromats belong in a real estate portfolio, and how to buy and run your first store. TOPIC: Real Estate With a Cash Register: Why Laundromats Belong in Your Portfolio 59% of Long Beach households rent, and many have no washer or dryer. That's a built-in customer base for laundromats, an asset class with needs-based demand, no evictions or rent control, and yields that can far outpace small multifamily. But a laundromat is a business, not a building. The lease is the real asset, and the broker's numbers aren't always the ones to trust. In this session, Jordan Berry, founder of Laundromat Resource and multi-store owner, will walk through a live SoCal deal teardown and lay out a clear path to buying your first store. What we'll cover: • Why a laundromat is "real estate with a cash register" and how it compares to rental property • The four numbers every buyer needs to know: rent to revenue, net margin, utilities, and price multiple • Why the lease is the asset, and what to look for before you fall in love with the numbers • A live deal teardown: two SoCal laundromats, a first-time buyer, and the $150K to $200K in hidden CapEx that changed the offer • Where the upside hides in an under-managed store (the value-add play you already know from rentals) • The seven steps to buying your first laundromat, from picking your model to closing and transition • Whether you're curious about diversifying beyond rentals or already browsing listings, come with questions and leave knowing how to evaluate a deal the right way. 🗓 DATE/TIME: Thursday October 22nd 2026 @ 7:00PM-9:00PM Networking: 7:00-7:30pm Presentation + Q&A: 7:30-8:30pm Closing Q&A + Networking: 8:30-9:00pm 🎟 PRICE: $20 Presale, $25 at the door. 📍LOCATION: Borba Property Group Office 3229 W Spring St, Suite 200 Long Beach About the Speaker: Jordan Berry, Founder of Laundromat Resource - Jordan is the founder of Laundromat Resource and host of Laundromat Resource Radio, a top 1.5% podcast globally with more than 250 episodes. He has interviewed over 200 laundromat owners about what works and what doesn't, and has conducted roughly 2,000 consulting calls worldwide in the laundromat and strip center spaces. Jordan is a multi-store laundromat owner based in Southern California and Oahu. About FIBI: For Investors By Investors (FIBI) is an environment where investors can learn from and network with other investors and NOT get pitched books, tapes, coaching or boot camps. We truly believe in the power of helping others invest without having to receive something in return.