2min chapter

Car Dealership Guy Podcast cover image

#16 How much money auto repair shops make, Pros and cons of franchising, How to avoid big repair bills, Will robots start changing tires? | Brian Beers, President of Prenlyn Automotive Group

Car Dealership Guy Podcast

CHAPTER

How to Buy a Real Estate Business

Most of Bankwood's acquisitions are seller financed. Seller becomes the bank, so instead of me going out and paying a down payment in principal and interest, I just seller like I pay a down payment to the seller. They have all the same securities at bankwood. They have a personal guarantee. And for me, you know, crazy is win-win scenarios. We're looking for a good cash on cash returns. we have like low risk and low money into the deal.

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