Rentals can give you financial freedom, but what if there’s a better way? Today’s guest took a much different path, buying a business that gave him immediate cash flow. Now, he’s building serious wealth through both business and real estate, and his strategy might just be the shortcut you’ve been looking for!
Welcome back to the Real Estate Rookie podcast! Rather than putting money down on a rental property, Tim Delaney bought a small wine and liquor store—a move that gave him huge cash flow on day one, allowed him to save faster, and helped him scale his real estate portfolio beyond what would have been possible otherwise. As you’re about to hear, it also unlocked a creative deal that allowed him to buy a $1 million plaza with zero money down!
Whether you feel stuck, overwhelmed, or simply unready for rentals, this episode will open your eyes to the possibilities beyond real estate. Tune in as Tim shows you how to buy a cash-flowing business for the price of a single-family home, as well as how to build your investing network, find private money lenders, and negotiate seller financing deals!
In This Episode We Cover
Why you should buy a business before you buy rental properties
How Tim bought his first investment property with no money down
The 100%-financed businesses YOU can buy, learn, and grow today
What you must know before forming a real estate investing partnership
The blueprint for landing rare, seller-financed real estate deals
The easiest ways to build and supercharge your investing network
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-603
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