Some people work their jobs with fixed hours and fixed salaries, but this kind of lifestyle is not for everyone. People who don’t want to spend their days only working try to find ways to earn the most by putting in the least amount of effort.
One of those people is 22-year-old Hannah Ingram, who shows on her TikTok account that she found a way to earn money even when she is not working. She decided to buy a car wash and it is surprisingly making thousands of dollars for herself even though she’s there only a couple of hours a week.
More info: TikTok
Hannah Ingram is a real estate professional and a businesswoman who shares her wild success of owning a car wash on TikTok
Image credits: thehannahingram
Hannah Ingram is actually a real estate professional who got interested in the field while in high school. She started going to college, but felt that it was not for her, so Hannah decided not to waste her time anymore. She then attended real estate courses and got her license in order to pursue her dream.
But she didn’t stop with that. She saw an opportunity to earn even more and bought a car wash so it would bring her some passive income. And Hannah is not just all about the talk—she shows how profitable her car wash is on her TikTok account and one of her videos went viral with 39.6 million views.
Image credits: The Hannah Ingram
On her account she shares just how much money in a week she is earning by basically just maintaining a self-service car wash
Image credits: The Hannah Ingram
Hannah shares her financial success on TikTok and often shows what kind of money a car wash can bring to a person. She also shares other passive income ideas and shows what amounts of money a real estate agent can receive.
The video that got the most views is Hannah going to collect the money in her car wash. She shows buckets of coins and a big chunk of bills. When she goes to deposit the bills and coins, it turns out that they amount to over a thousand dollars and that's not even all the money as the machine counting the coins is overflowing.
Hannah has several videos on her page showing how much she earns in a week and the amounts are always surprising. For example, in the last video, she went to deposit money collected in two weeks and the total amount was $3.795,75.
Image credits: The Hannah Ingram
Hannah was able to acquire this car wash because she applied the seller financing method
Image credits: The Hannah Ingram
The car wash cost $140,000 but Hannah bought it as a 22-year-old without any help from parents or relatives and even without taking out a loan. She has done her research and found out about a method called seller financing.
Hannah explained to BuzzFeed that this means that she didn’t have to pay the whole cost of the car wash. The woman is paying monthly payments to cover the seller’s loan, but the property belongs to her; she gets all the profit but she has to maintain the facilities herself. By applying this method, Hannah avoided having this debt to her name by paying the seller’s payments to their bank and skipped all the worries of actually taking out a loan.
Image credits: The Hannah Ingram
And it was worth it as after a week, she collected more than $1000 and worked just a couple of hours
Image credits: The Hannah Ingram
Image credits: The Hannah Ingram
This concept could be confusing to some and in another video, the businesswoman confirms that she indeed is the owner of the property where the car wash is located. Hannah also adds that she is planning to expand. Her idea is to put as many storage units as possible to fit on the land and to make them into a source of income.
Some people pointed out that Hannah just got very lucky with such a deal as they looked up car washes in their areas and they were nowhere near this cheap. Others in the comments were confused why the original owners sold the car wash at all if it was such a profitable business. You could say that it is a good story to be inspired by, but like everything on the internet, it should be taken with a pinch of salt.
Hannah is very passionate about having passive sources of income that earn her money even when she's sleeping
Image credits: The Hannah Ingram
But there were people who were really interested in this unexpectedly successful business and were asking all kinds of questions. For example, they asked if she has any employees. Hannah doesn’t have any, but it works out for her as the car wash is a self-service one and having employees puts more responsibilities on one’s shoulders, so she avoids that for herself.
Another thing that people were curious about was the maintenance. According to Hannah, she didn’t have to do any repairs that cost more than $80 and if the water bills get high, that just means she has more customers and her profits are also bigger.
The car wash isn't her main source of income, but it helped her to save up for her dream car which was a Maserati
Image credits: thehannahingram
Even though Hannah is at the car wash a total of a couple of hours a week, it can make her around $50,000 a year. Of course, she has another job and this is just passive income but, according to her, it was enough to help her to save up for her dream car, which was a Maserati.
If you want to see the coins pouring in action, here is the video
What do you think of this business idea and could you see yourself doing something similar? Did you ever think that a simple car wash could be a gold mine? Maybe you've had some experience with it? Tell us your reactions in the comments!
Some people were happy for Hannah's success and others were skeptical if she was revealing the whole truth
