EP269 How Laundromats, Hair Salons and Car Washes can Diversify Your Rental Income Streams with Keith Leimbach

EP269 How Laundromats, Hair Salons and Car Washes can Diversify Your Rental Income Streams with Keith Leimbach

My guest today has spent the last few years building and acquiring small businesses and real estate investments to create diversified income streams. He’s invested in franchises, hair salons, laundromats, short-term rentals, car washes, and other assets with lucrative returns but not a lot of information available on how to get started. Luckily, he’s been documenting these experimental investments along the way and will be sharing the details with us today.

Keith Leimbach has served as COO and CEO of several companies and he spent 30 years in the corporate world. He served on a US Presidential Advisory Committee and hosts the “Diversified Income Experiment Podcast”.

Today Keith is going to open the books on his investments and take us on a deep dive into investing in Laundromats, Hair Salons, and Car Washes. He’ll go into the compelling financial reasons these assets offer superior profit potential, the cost of build-out, expense ratios, and challenges of the different client or end user.

It’s extremely difficult to find real world information on these types of investments and you’re definitely going to appreciate how transparent Keith is in sharing his data and experience. You’ll also discover which asset class is Keith’s clear favorite. You can find out more about Keith by website or email:

https://www.dincpie.com

harry@dincpie.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Episoder(556)

Tyler Cauble: Midwest Real Estate Investor Conference Speaker Spotlight

Tyler Cauble: Midwest Real Estate Investor Conference Speaker Spotlight

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18 Apr 3min

Lee Yoder: Midwest Real Estate Investor Conference Speaker Spotlight

Lee Yoder: Midwest Real Estate Investor Conference Speaker Spotlight

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17 Apr 6min

Finding Rental Markets that Cashflow with Tapan Trivedi — Episode 484

Finding Rental Markets that Cashflow with Tapan Trivedi — Episode 484

For many investors, skyrocketing prices and low cash flow make investing in their own backyard nearly impossible. But what if you could pinpoint exactly where the best opportunities are—without ever setting foot there?  Tapan Trivedi has spent years analyzing data across 380 metro areas to help investors confidently buy in the most promising markets. His S.E.C.R.R.E.T.S method eliminates the guesswork, allowing investors to identify locations with strong cash flow, tenant demand, and repeatable deals. As a full-time real estate investor and data expert, Tapan is here to break down where the numbers say you should be investing—and how to overcome the fear of remote investing with data-driven confidence. As a bonus, at the end of the episode Tapan runs a property I own in Grand Rapids, Michigan through his S.E.C.R.R.E.T.S method using his software.  You might want to view this episode on YouTube to see the results. Find out more: quiz.wheretoinvest.io/cashflowcity wheretoinvest.io Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com Attention real estate investors! Save the date for the Midwest Real Estate Investor Conference, happening April 24-25, 2025, in Grand Rapids, Michigan. This event is the perfect place to connect with fellow investors, gain valuable insights, and elevate your real estate game. With a lineup of expert speakers and numerous networking opportunities, you won't want to miss it. https://www.midwestreiconference.com

14 Apr 47min

Donna Bauer: Midwest Real Estate Investor Conference Speaker Spotlight

Donna Bauer: Midwest Real Estate Investor Conference Speaker Spotlight

The Midwest Real Estate Investor Conference is just two weeks away—join us April 24-25 at DeVos Place in Grand Rapids, Michigan for two days of high-level strategy, networking, and growth. Register today at midwestreiconference.com. In our next speaker spotlight, we talk to Donna Bauer, The Original NoteBuyer®, a top expert in discounted notes and seller financing. Donna previews her presentation on how to profit from notes without cash, credit, or tenant hassles.

10 Apr 5min

Will Adding Solar Boost Your ROI? With Carl Moose — Episode 483

Will Adding Solar Boost Your ROI? With Carl Moose — Episode 483

Renewable energy isn’t just about sustainability—it’s a strategic tool for boosting cash flow, increasing net operating income (NOI), and maximizing property value in commercial real estate.  Carl Moose is an expert at the intersection of real estate and renewable energy, helping investors and business owners transform their buildings into high-performing assets. As the creator of the Energized Real Estate Model and and co-owner of GreenLight Energy Solutions, Carl specializes in leveraging federal, state, and utility incentives to unlock hidden value in properties. Today, he’s here to share how smart energy strategies can give commercial real estate owners a major competitive edge. Find out more: https://www.greenlightenergy.solar https://www.linkedin.com/in/yourfocusguy Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com Attention real estate investors! Save the date for the Midwest Real Estate Investor Conference, happening April 24-25, 2025, in Grand Rapids, Michigan. This event is the perfect place to connect with fellow investors, gain valuable insights, and elevate your real estate game. With a lineup of expert speakers and numerous networking opportunities, you won't want to miss it. https://www.midwestreiconference.com

7 Apr 37min

Raising Private Money with Jay Conner: Midwest Real Estate Investor Conference Speaker Spotlight

Raising Private Money with Jay Conner: Midwest Real Estate Investor Conference Speaker Spotlight

The Midwest Real Estate Investor Conference is now less than one month away—join us April 24-25 at DeVos Place in Grand Rapids, Michigan for two days of high-level strategy, networking, and growth. Register today at midwestreiconference.com. In this speaker spotlight, we feature Jay Conner, real estate investor and private money expert. Jay will be a Featured Speaker, presenting “How to Raise Private Money for Real Estate—Without Asking for It.” In this preview, Jay shares how he raises unlimited private funding without chasing, pitching, or persuading. He explains why private money is more accessible than ever in 2025, how institutional lending has opened the door to new opportunities, and why the key to success lies in mindset—not sales tactics. Jay Conner will be speaking on Friday, April 25. Don’t miss it—register now at midwestreiconference.com. Episode Highlights: Why private money is more available than ever in 2025 The difference between private money and hard money How Jay raises capital without asking for it Why mindset is the most important tool for raising capital How to eliminate fear of rejection when funding your deals Guest: Jay Conner – Featured Speaker, Real Estate Investor & Private Money Expert Join us at the Midwest Real Estate Investor Conference on April 24-25, 2025, in Grand Rapids, Michigan. Get your tickets now at midwestreiconference.com.

3 Apr 7min

Is it Time to Turn Your Rental into a Note? With Eddie Speed — Episode 482

Is it Time to Turn Your Rental into a Note? With Eddie Speed — Episode 482

Owning rental property has only become more difficult in the past several years, with inflation and rising insurance costs eating away at your profits. Maybe it's time to take a serious look at your rental property strategy and consider turning it into something that could be more profitable. Eddie Speed has spent over 40 years mastering the seller financing and note space, helping thousands of investors succeed through his NoteSchool and Colonial Funding Group. As a leader in acquiring and creating mortgage notes, he’s built private equity funds specializing in large-scale note investments. Today, Eddie joins us to break down the current and sophisticated methods that he’s teaching his students and how note investing can transform your real estate portfolio. Find out more: https://noteschool.com/rental/ https://colonialfundinggroup.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com Attention real estate investors! Save the date for the Midwest Real Estate Investor Conference, happening April 24-25, 2025, in Grand Rapids, Michigan. This event is the perfect place to connect with fellow investors, gain valuable insights, and elevate your real estate game. With a lineup of expert speakers and numerous networking opportunities, you won't want to miss it. https://www.midwestreiconference.com

31 Mar 30min

2025 Economic Forecast with Dr. Paul Isely: Midwest Real Estate Investor Conference Speaker Spotlight

2025 Economic Forecast with Dr. Paul Isely: Midwest Real Estate Investor Conference Speaker Spotlight

The Midwest Real Estate Investor Conference is bringing together top investors and industry experts for two days of actionable insights and powerful networking. If you’re serious about scaling your real estate business, this is the event you don’t want to miss. Register today at midwestreiconference.com to join us April 24-25 at DeVos Place in Grand Rapids, MI. We continue our speaker spotlight series with Dr. Paul Isely, Associate Dean and Professor of Economics at Grand Valley State University. Dr. Isely will be delivering the closing keynote presentation, "2025 Real Estate Economic Update and Forecast." In this preview, he shares a behind-the-scenes look at how economists are viewing this uncertain market, what trends he’s tracking, and how investors can interpret the noise to make smart decisions. Dr. Paul Isely will be delivering the closing keynote presentation on Friday, April 25 at 3:00 p.m. Don’t miss it—register now at midwestreiconference.com. Episode Highlights: Why uncertainty is shaping investor behavior in predictable ways What signals to watch for in 2025 that could impact real estate markets Key regional and national trends that real estate investors need to understand How macroeconomic shifts are playing out in Michigan and the Midwest The data tool Dr. Isely uses to make sense of it all Guest: Dr. Paul Isely – Closing Keynote Speaker, Associate Dean & Professor of Economics, Grand Valley State University Join us at the Midwest Real Estate Investor Conference on April 24-25, 2025, in Grand Rapids, Michigan. Get your tickets now at midwestreiconference.com.

27 Mar 3min

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