This week on the Alternative Investing Advantage podcast, host Alex Perny welcomes the Founder and CEO of The Real Asset Investor, Dave Zook, for a discussion on investing in car washes. The car wash industry has become increasingly popular due to its aggressive cash flow play and unique tax benefits.
During this episode, Dave discusses investing in car washes and shares why they are great for diversifying portfolios. He goes over the three main factors that influence the success of these businesses: depreciation of equipment and building, outside struggles with institutions coming in, and the nature of these businesses. Dave also covers the challenges faced by car washes in achieving high volume with minimal staff on-site. Additionally, he shares three scenarios of potential return for investors.
Learn more about investing in car washes and other alternative assets.
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About Our Guest Dave Zook
Dave is a successful Business owner, Syndicator, and Tax Strategist. His team at The Real Asset Investor has placed more than $800M across various asset classes, offering investors Cash Flow, Tax Impact, and Equity Growth. These asset classes include ATMs, Car Washes, Energy, Self-Storage, and more. He and his team are among the country’s top 5 ATM fund operators. Dave was an early investor in Bitcoin and Digital Assets, and he has held an advisory role at Off the Chain Capital, one of the top-performing funds in the world, for the last five years. Dave is a sought-after speaker and has shared his knowledge across various media platforms, such as The International Business Conference, The Real Estate Guys Radio Show, Cashflow Ninja, and others.
About Our Host Alex Perny, CISP
Alex Perny is a business development specialist and host of Advanta IRA’s podcast, the Alternative Investment Advantage. He is a self-described policy geek who loves learning the rules and technical aspects of SDIRAs, employer plans, and IRS regulations.
For more than a decade, Alex has helped thousands invest in alternative assets. These include precious metals, real estate, private stock, notes, and countless others. Additionally, he has spoken to investors across the country about using retirement plans to invest outside the stock market. Alex also believes so strongly in self-direction that he invests his own IRA and HSA in real estate and private equity.