Investing in Airbnb Properties and Boring Businesses

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This chapter explores the risks and opportunities associated with investing in Airbnb properties and boring businesses like laundromats. It discusses the steps involved in buying and operating a business, evaluating a laundromat, and different financing options for business purchases.

Robert Leonard talks to Codie Sanchez about where her curiosity for becoming a contrarian came from, her favorite ways of building cash flow with no money, and a bunch more.

Codie Sanchez is a reformed journalist turned institutional investor. Throughout her career, she has worked the intersection of marketing and money, finding contrarian ways to invest.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

05:44 - Why Codie thinks the saying "Money can't buy you happiness" is wrong.

11:14 - The importance of books in contrarian thinking.

14:44 - Why rental properties might be a dumb idea according to Codie.

22:01 - How Codie financed a laundromat deal that went viral on Twitter because it had a net of $67,000 when it only needed $100,000 to close.

28:16 - What the quote, “The world is the classroom, the school is the prison,” means.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Codie Sanchez’s Twitter Thread 10 Hard Truths About Getting Rich.
Codie Sanchez’s free e-book 28 Passive Income Ideas.
Christopher Hitchen's book Letter to a Young Contrarian.
Andrew Robert's book Churchill: Walking with Destiny.
Morgan Housel’s book The Psychology of Money.
David Swensen’s book Unconventional Success.
Mark Manson’s book Subtle Art: Counterintuitive Approach to Living a Good Life.
All of Robert’s favorite books.

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